Blackhawk Capital Partners LLC. Sells 4,754 Shares of The Coca-Cola Company (NYSE:KO)

Blackhawk Capital Partners LLC. reduced its stake in shares of The Coca-Cola Company (NYSE:KO) by 15.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,253 shares of the company’s stock after selling 4,754 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Coca-Cola were worth $1,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tidemark LLC purchased a new stake in Coca-Cola in the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola during the 1st quarter worth approximately $28,000. Private Wealth Management Group LLC purchased a new position in Coca-Cola during the 4th quarter valued at $27,000. ZRC Wealth Management LLC grew its position in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in Coca-Cola in the fourth quarter worth $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on KO shares. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Barclays lifted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Evercore ISI increased their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley lifted their target price on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Finally, BNP Paribas began coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Insider Activity at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold 822,284 shares of company stock valued at $567,718,040 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.7 %

Shares of KO stock traded up $0.43 during mid-day trading on Friday, hitting $63.76. 11,735,460 shares of the stock traded hands, compared to its average volume of 10,543,850. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The stock has a market cap of $274.68 billion, a P/E ratio of 25.50, a P/E/G ratio of 3.58 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The stock’s fifty day moving average is $62.93 and its two-hundred day moving average is $60.91.

Coca-Cola (NYSE:KO) last posted 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 net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

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

About Coca-Cola

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.