Birch Hill Investment Advisors LLC Has $7.01 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Birch Hill Investment Advisors LLC cut its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,536 shares of the company’s stock after selling 800 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Coca-Cola were worth $7,009,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KO. New Millennium Group LLC acquired a new position in Coca-Cola during the second quarter valued at approximately $26,000. Quarry LP bought a new stake in Coca-Cola in the second quarter valued at approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the first quarter valued at approximately $28,000. ESL Trust Services LLC bought a new stake in Coca-Cola in the first quarter valued at approximately $28,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in Coca-Cola by 65.0% in the first quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock valued at $32,000 after buying an additional 206 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total value of $1,253,987.84. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total value of $1,253,987.84. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,507,516.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold a total of 376,096 shares of company stock valued at $25,982,352 in the last three months. Insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BNP Paribas assumed coverage on Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective on the stock. Barclays increased their target price on Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Finally, Bank of America increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $71.33.

Coca-Cola Trading Up 0.5 %

NYSE KO opened at $69.57 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a twelve month low of $52.43 and a twelve month high of $73.53. The company has a market cap of $299.70 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The business’s fifty day moving average is $70.51 and its 200 day moving average is $65.43.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter last year, the business posted $0.78 EPS. Coca-Cola’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

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.