Pathstone Holdings LLC Lowers Stock Holdings in The Coca-Cola Company (NYSE:KO)

Pathstone Holdings LLC reduced its position in The Coca-Cola Company (NYSE:KO - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,254,222 shares of the company's stock after selling 9,779 shares during the quarter. Coca-Cola makes up about 0.9% of Pathstone Holdings LLC's portfolio, making the stock its 16th largest position. Pathstone Holdings LLC owned 0.08% of Coca-Cola worth $202,146,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola during the 4th quarter valued at $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola during the 4th quarter valued at $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola during the 4th quarter valued at $38,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the fourth quarter worth $37,000. Finally, Hoey Investments Inc. raised its holdings in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after buying an additional 181 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now owns 246,909 shares of the company's stock, valued at $17,520,662.64. This represents a 18.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 462,407 shares of company stock worth $32,990,056 over the last quarter. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KO has been the topic of several research reports. UBS Group upped their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Royal Bank of Canada increased their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $75.59.

Coca-Cola Stock Performance

KO traded up $2.34 during trading on Thursday, hitting $71.50. 19,798,106 shares of the company traded hands, compared to its average volume of 15,618,335. The firm has a market cap of $307.76 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The stock's fifty day moving average is $70.86 and its 200 day moving average is $66.72. 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 Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38.

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

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.85%. Coca-Cola's dividend payout ratio is presently 81.60%.

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.