The Coca-Cola Company (NYSE:KO) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC cut its stake in The Coca-Cola Company (NYSE:KO) by 36.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,111 shares of the company’s stock after selling 53,815 shares during the period. Curi RMB Capital LLC’s holdings in Coca-Cola were worth $6,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in Coca-Cola by 6.2% in the 1st quarter. Brighton Jones LLC now owns 35,478 shares of the company’s stock worth $2,171,000 after buying an additional 2,068 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Coca-Cola by 3.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 26,543 shares of the company’s stock worth $1,624,000 after acquiring an additional 808 shares during the period. M&G Plc acquired a new position in Coca-Cola during the first quarter valued at $157,087,000. Mizuho Markets Americas LLC boosted its holdings in Coca-Cola by 108.7% in the first quarter. Mizuho Markets Americas LLC now owns 169,661 shares of the company’s stock valued at $10,380,000 after purchasing an additional 88,371 shares during the last quarter. Finally, Councilmark Asset Management LLC acquired a new stake in Coca-Cola during the 1st quarter worth about $598,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KO. Barclays decreased their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $72.36.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This trade represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,748 shares of company stock worth $20,677,431 in the last ninety days. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $62.55 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 1 year low of $56.70 and a 1 year high of $73.53. The firm has a market capitalization of $269.43 billion, a PE ratio of 25.85, a P/E/G ratio of 3.83 and a beta of 0.61. The business’s 50 day moving average price is $68.99 and its 200-day moving average price is $66.51.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, equities research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.10%. Coca-Cola’s payout ratio is 80.17%.

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.