G&S Capital LLC Sells 4,700 Shares of The Coca-Cola Company (NYSE:KO)

G&S Capital LLC decreased its holdings in The Coca-Cola Company (NYSE:KO) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,739 shares of the company’s stock after selling 4,700 shares during the period. G&S Capital LLC’s holdings in Coca-Cola were worth $1,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tidemark LLC purchased a new stake in Coca-Cola during the 4th quarter valued at $26,000. Private Wealth Management Group LLC bought a new position in Coca-Cola in the fourth quarter valued at about $27,000. ZRC Wealth Management LLC grew its stake in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Criterion Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $30,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Coca-Cola in the fourth quarter worth approximately $31,000. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on KO shares. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI upped their price target on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Argus raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. BNP Paribas assumed coverage on Coca-Cola in a research note on Monday. They set an “outperform” rating and a $72.00 price objective for the company. Finally, Barclays increased their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Insider Buying and Selling

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at $14,168,055.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,665 shares of company stock worth $13,995,465. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.3 %

KO stock opened at $64.05 on Thursday. The company has a market capitalization of $275.92 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.61 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.36. The business has a 50 day simple moving average of $62.44 and a two-hundred day simple moving average of $60.69.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Coca-Cola Company 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.