Schnieders Capital Management LLC Sells 16,855 Shares of The Coca-Cola Company (NYSE:KO)

Schnieders Capital Management LLC decreased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,870 shares of the company's stock after selling 16,855 shares during the quarter. Schnieders Capital Management LLC's holdings in Coca-Cola were worth $2,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Insigneo Advisory Services LLC raised its stake in shares of Coca-Cola by 12.2% in the third quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company's stock valued at $2,354,000 after acquiring an additional 4,527 shares during the last quarter. HF Advisory Group LLC increased its stake in shares of Coca-Cola by 7.6% in the third quarter. HF Advisory Group LLC now owns 6,770 shares of the company's stock valued at $379,000 after buying an additional 476 shares in the last quarter. Wahed Invest LLC raised its holdings in shares of Coca-Cola by 10.3% in the third quarter. Wahed Invest LLC now owns 61,355 shares of the company's stock valued at $3,435,000 after buying an additional 5,707 shares during the last quarter. Cohen Lawrence B lifted its position in Coca-Cola by 2.8% during the 3rd quarter. Cohen Lawrence B now owns 40,872 shares of the company's stock worth $2,288,000 after buying an additional 1,111 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Coca-Cola by 3.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company's stock worth $2,738,000 after acquiring an additional 1,455 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KO shares. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup upped their price objective on Coca-Cola from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Finally, Barclays increased their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average price target of $67.09.

Insider Activity

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares of the company's stock, valued at $8,602,980. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Beatriz R. Perez sold 52,300 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock valued at $22,795,742 in the last quarter. Company insiders own 0.97% of the company's stock.

Coca-Cola Trading Up 0.1 %

KO traded up $0.09 during trading on Tuesday, reaching $60.64. 13,687,837 shares of the company's stock were exchanged, compared to its average volume of 13,898,879. The company's fifty day moving average price is $59.98 and its 200-day moving average price is $58.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $261.43 billion, a PE ratio of 24.45, a P/E/G ratio of 3.44 and a beta of 0.59. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.20%. Coca-Cola's dividend payout ratio (DPR) is 78.23%.

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.

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