The Coca-Cola Company (NYSE:KO) Holdings Trimmed by Cable Hill Partners LLC

Cable Hill Partners LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,249 shares of the company’s stock after selling 1,145 shares during the quarter. Cable Hill Partners LLC’s holdings in Coca-Cola were worth $451,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wells Trecaso Financial Group LLC grew its position in shares of Coca-Cola by 4.8% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock worth $225,000 after buying an additional 164 shares during the period. Atlas Brown Inc. grew its position in shares of Coca-Cola by 0.8% during the 4th quarter. Atlas Brown Inc. now owns 21,024 shares of the company’s stock worth $1,309,000 after buying an additional 166 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of Coca-Cola by 0.4% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company’s stock worth $2,440,000 after buying an additional 169 shares during the period. Great Diamond Partners LLC grew its position in shares of Coca-Cola by 1.7% in the 4th quarter. Great Diamond Partners LLC now owns 10,314 shares of the company’s stock valued at $642,000 after purchasing an additional 169 shares during the period. Finally, Wallace Advisory Group LLC grew its position in shares of Coca-Cola by 2.3% in the 4th quarter. Wallace Advisory Group LLC now owns 7,513 shares of the company’s stock valued at $468,000 after purchasing an additional 172 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

Coca-Cola Trading Down 1.0 %

Shares of Coca-Cola stock opened at $70.80 on Thursday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The stock has a market cap of $304.53 billion, a P/E ratio of 28.67, a P/E/G ratio of 3.79 and a beta of 0.61. 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 business’s 50 day moving average is $64.19 and its 200-day moving average is $66.47.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities research analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio is 82.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $73.82.

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.