Herold Advisors Inc. Sells 587 Shares of The Coca-Cola Company (NYSE:KO)

Herold Advisors Inc. decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 6,418 shares of the company’s stock after selling 587 shares during the quarter. Herold Advisors Inc.’s holdings in Coca-Cola were worth $378,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Overbrook Management Corp boosted its stake in Coca-Cola by 9.4% during the fourth quarter. Overbrook Management Corp now owns 8,180 shares of the company’s stock valued at $482,000 after buying an additional 700 shares during the last quarter. AM Investment Strategies LLC increased its holdings in shares of Coca-Cola by 14.9% in the 4th quarter. AM Investment Strategies LLC now owns 21,037 shares of the company’s stock worth $1,240,000 after buying an additional 2,733 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in shares of Coca-Cola by 8.5% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 72,402 shares of the company’s stock valued at $4,267,000 after acquiring an additional 5,672 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Coca-Cola by 2.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,560,884 shares of the company’s stock worth $150,913,000 after acquiring an additional 64,648 shares during the last quarter. Finally, Syon Capital LLC lifted its stake in shares of Coca-Cola by 98.3% in the 4th quarter. Syon Capital LLC now owns 36,180 shares of the company’s stock valued at $2,132,000 after purchasing an additional 17,931 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 375,407 shares of company stock valued at $22,795,742. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO remained flat at $61.74 during midday trading on Friday. 10,993,549 shares of the company traded hands, compared to its average volume of 13,996,342. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.69. The firm has a market capitalization of $266.17 billion, a P/E ratio of 24.90, a PEG ratio of 3.52 and a beta of 0.59. The stock has a fifty day moving average of $60.12 and a two-hundred day moving average of $58.82.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. As a group, equities research analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. Coca-Cola’s payout ratio is currently 78.23%.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Barclays upped their target price on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.22.

Coca-Cola Company 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.