The Coca-Cola Co (KO) Shares Sold by Nwam LLC

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Nwam LLC lessened its holdings in shares of The Coca-Cola Co (NYSE:KO) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,196 shares of the company’s stock after selling 696 shares during the quarter. Nwam LLC’s holdings in The Coca-Cola were worth $341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Reynders McVeigh Capital Management LLC raised its holdings in shares of The Coca-Cola by 0.9% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after buying an additional 213 shares in the last quarter. Cordasco Financial Network increased its stake in The Coca-Cola by 26.1% in the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after purchasing an additional 214 shares during the period. Windsor Group LTD increased its stake in The Coca-Cola by 1.7% in the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock worth $647,000 after purchasing an additional 222 shares during the period. United Capital Management of KS Inc. increased its stake in The Coca-Cola by 2.3% in the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock worth $474,000 after purchasing an additional 229 shares during the period. Finally, We Are One Seven LLC increased its stake in The Coca-Cola by 3.2% in the 4th quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock worth $361,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 65.78% of the company’s stock.

KO opened at $45.10 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The company has a market cap of $191.24 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53.

The Coca-Cola (NYSE:KO) last posted its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current year.

In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.

A number of equities analysts have commented on KO shares. ValuEngine raised The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Bank of America reaffirmed a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a research note on Tuesday, October 30th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Goldman Sachs Group set a $46.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, October 30th. Finally, Barclays set a $50.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.63.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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