Lincoln Capital LLC Trims Holdings in The Coca-Cola Company (NYSE:KO)

Lincoln Capital LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,711 shares of the company’s stock after selling 492 shares during the quarter. Coca-Cola comprises about 1.2% of Lincoln Capital LLC’s holdings, making the stock its 21st largest position. Lincoln Capital LLC’s holdings in Coca-Cola were worth $5,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in KO. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Tidemark LLC purchased a new position in Coca-Cola in the fourth quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock worth $13,995,465 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

Coca-Cola stock traded down $0.06 during mid-day trading on Friday, reaching $63.85. The company’s stock had a trading volume of 1,961,481 shares, compared to its average volume of 12,999,912. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The business has a 50 day moving average price of $62.55 and a 200-day moving average price of $60.71. The firm has a market cap of $275.06 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.62 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. Coca-Cola’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KO shares. Barclays boosted their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BNP Paribas assumed coverage on shares of Coca-Cola in a research report on Monday. They issued an “outperform” rating and a $72.00 price target on the stock. Evercore ISI increased their target price on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, Morgan Stanley increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.