Wedbush Securities Inc. decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,998 shares of the company’s stock after selling 5,075 shares during the quarter. Wedbush Securities Inc.’s holdings in The Coca-Cola were worth $2,902,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KO. Prime Capital Investment Advisors LLC purchased a new position in The Coca-Cola during the first quarter valued at approximately $28,000. Orrstown Financial Services Inc. increased its position in shares of The Coca-Cola by 230.8% in the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after buying an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of The Coca-Cola in the first quarter valued at approximately $35,000. Canton Hathaway LLC increased its position in shares of The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after buying an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC purchased a new stake in shares of The Coca-Cola in the fourth quarter valued at approximately $50,000. 66.69% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Bernhard Goepelt sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.96, for a total value of $636,480.00. Following the transaction, the vice president now owns 151,504 shares of the company’s stock, valued at approximately $7,417,635.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John Murphy sold 84,400 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $49.99, for a total value of $4,219,156.00. Following the completion of the transaction, the vice president now directly owns 133,715 shares in the company, valued at approximately $6,684,412.85. The disclosure for this sale can be found here. Insiders have sold 345,855 shares of company stock worth $17,516,258 in the last three months. 1.33% of the stock is currently owned by corporate insiders.

KO has been the subject of a number of recent analyst reports. Barclays set a $54.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Wells Fargo & Co boosted their price objective on The Coca-Cola from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, June 4th. Atlantic Securities initiated coverage on The Coca-Cola in a research report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price objective for the company. Finally, Bank of America restated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $53.86.

NYSE KO traded up $0.27 on Tuesday, reaching $53.48. 6,209,809 shares of the company were exchanged, compared to its average volume of 14,153,410. The firm has a fifty day simple moving average of $52.37. The company has a market cap of $228.43 billion, a PE ratio of 25.71, a P/E/G ratio of 3.71 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $54.82.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Research analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.

The Coca-Cola 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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