Insight Folios Inc Cuts Position in The Coca-Cola Company (NYSE:KO)

Insight Folios Inc lessened its holdings in The Coca-Cola Company (NYSE:KO) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,174 shares of the company’s stock after selling 369 shares during the period. Insight Folios Inc’s holdings in Coca-Cola were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KO. Tidemark LLC purchased a new position in Coca-Cola in the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC purchased a new position in Coca-Cola in the first quarter valued at approximately $28,000. Private Wealth Management Group LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth $27,000. ZRC Wealth Management LLC lifted its position in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

KO traded up $0.18 during trading on Thursday, reaching $63.33. The stock had a trading volume of 9,154,198 shares, compared to its average volume of 11,000,689. The stock has a market cap of $272.82 billion, a PE ratio of 25.33, a PEG ratio of 3.57 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.36. The business has a 50-day moving average of $62.86 and a 200-day moving average of $60.86.

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

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.485 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.06%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KO shares. Morgan Stanley increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Evercore ISI increased their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. UBS Group increased their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, BNP Paribas started coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,168,055.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nancy Quan sold 19,304 shares of the stock in a transaction dated Tuesday, June 11th. The stock was 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 of the company’s stock, valued at $14,168,055.20. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock valued at $13,995,465 over the last 90 days. 0.97% of the stock is owned by insiders.

Coca-Cola 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.