Laird Norton Wetherby Wealth Management LLC Sells 9,204 Shares of The Coca-Cola Company (NYSE:KO)

Laird Norton Wetherby Wealth Management LLC decreased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,377 shares of the company's stock after selling 9,204 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Coca-Cola were worth $5,502,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Voleon Capital Management LP bought a new stake in Coca-Cola in the fourth quarter worth about $2,513,000. Rice Partnership LLC raised its position in shares of Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after purchasing an additional 6,793 shares during the period. Fiduciary Alliance LLC raised its position in shares of Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after purchasing an additional 8,499 shares during the period. Clark & Stuart Inc bought a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $1,582,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Coca-Cola by 62.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,708 shares of the company's stock valued at $1,663,000 after purchasing an additional 10,240 shares during the period. Institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the sale, the insider now owns 246,909 shares in the company, valued at approximately $17,520,662.64. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the sale, the executive vice president now owns 94,676 shares in the company, valued at approximately $6,769,334. The trade was a 12.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 462,407 shares of company stock valued at $32,990,056. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KO. Royal Bank of Canada boosted their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. UBS Group boosted their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola has a consensus rating of "Buy" and a consensus price target of $75.59.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $70.62 on Monday. The firm's 50-day moving average price is $70.95 and its 200-day moving average price is $66.63. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The company has a market cap of $303.97 billion, a PE ratio of 28.59, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.