Augustine Asset Management Inc. trimmed its position in shares of The Coca-Cola Co (NYSE:KO) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,654 shares of the company’s stock after selling 4,427 shares during the period. Augustine Asset Management Inc.’s holdings in The Coca-Cola were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orrstown Financial Services Inc. grew its position in The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after acquiring an additional 517 shares during the last quarter. Transamerica Financial Advisors Inc. grew its position in The Coca-Cola by 567.7% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after acquiring an additional 721 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in The Coca-Cola in the 4th quarter valued at $45,000. PRW Wealth Management LLC bought a new position in The Coca-Cola in the 4th quarter valued at $50,000. Finally, Country Trust Bank grew its position in The Coca-Cola by 2,506.7% in the 4th quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after acquiring an additional 1,128 shares during the last quarter. 67.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Nancy Quan sold 23,320 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.95, for a total transaction of $1,118,194.00. Following the sale, the senior vice president now owns 165,049 shares of the company’s stock, valued at $7,914,099.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bernhard Goepelt sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total value of $636,480.00. Following the sale, the vice president now directly owns 151,504 shares in the company, valued at approximately $7,417,635.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,746 shares of company stock worth $2,559,548. 1.33% of the stock is owned by corporate insiders.

KO has been the topic of a number of recent research reports. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday, April 26th. Morgan Stanley raised The Coca-Cola from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $55.00 in a research report on Tuesday, May 14th. UBS Group increased their price target on The Coca-Cola from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. ValuEngine raised The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays set a $54.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $51.15.

Shares of KO stock opened at $49.20 on Monday. The Coca-Cola Co has a 1-year low of $41.93 and a 1-year high of $50.84. The stock has a market cap of $209.88 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.31 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.02.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s payout ratio is currently 76.92%.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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