CocaCola Company (The) (NYSE:KO) Shares Sold by Concord Wealth Partners

Concord Wealth Partners trimmed its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,958 shares of the company's stock after selling 4,003 shares during the period. CocaCola comprises approximately 0.8% of Concord Wealth Partners' investment portfolio, making the stock its 28th biggest position. Concord Wealth Partners' holdings in CocaCola were worth $5,154,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after purchasing an additional 2,072 shares during the period. Proficio Capital Partners LLC boosted its holdings in CocaCola by 46.2% in the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock valued at $675,000 after purchasing an additional 3,426 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in CocaCola in the 4th quarter valued at $718,000. Institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

KO traded down $0.71 during trading on Friday, hitting $69.88. 14,904,122 shares of the company traded hands, compared to its average volume of 16,410,439. The company has a market cap of $300.78 billion, a PE ratio of 27.95, a P/E/G ratio of 3.70 and a beta of 0.45. The stock's 50-day simple moving average is $70.71 and its two-hundred day simple moving average is $69.07. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period last year, the company posted $0.72 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. CocaCola's payout ratio is 81.60%.

Insider Activity at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 in the last 90 days. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KO shares. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group boosted their price target on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Royal Bank Of Canada boosted their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $76.71.

About CocaCola

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.