BTR Capital Management Inc. Trims Stake in The Coca-Cola Company (NYSE:KO)

BTR Capital Management Inc. reduced its position in The Coca-Cola Company (NYSE:KOGet Rating) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,540 shares of the company’s stock after selling 400 shares during the quarter. BTR Capital Management Inc.’s holdings in Coca-Cola were worth $1,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Bank boosted its stake in Coca-Cola by 2.2% in the 1st quarter. Berkshire Bank now owns 7,067 shares of the company’s stock valued at $438,000 after purchasing an additional 155 shares during the period. Fiducient Advisors LLC lifted its position in shares of Coca-Cola by 2.8% during the 1st quarter. Fiducient Advisors LLC now owns 5,843 shares of the company’s stock valued at $365,000 after acquiring an additional 159 shares during the period. Security Financial Services INC. lifted its position in shares of Coca-Cola by 3.5% during the 1st quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after acquiring an additional 160 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Coca-Cola by 2.4% during the 1st quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock valued at $424,000 after acquiring an additional 160 shares during the period. Finally, Clear Creek Financial Management LLC lifted its position in shares of Coca-Cola by 1.5% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,012 shares of the company’s stock valued at $683,000 after acquiring an additional 162 shares during the period. 68.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coca-Cola news, insider Henrique Braun sold 11,318 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total value of $728,313.30. Following the completion of the sale, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Kathy Loveless sold 2,512 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,768.00. Following the completion of the transaction, the vice president now directly owns 1,370 shares of the company’s stock, valued at $87,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Henrique Braun sold 11,318 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total value of $728,313.30. Following the completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The disclosure for this sale can be found here. Insiders sold 45,830 shares of company stock valued at $2,939,961 over the last ninety days. 0.98% of the stock is currently owned by insiders.

Coca-Cola Stock Up 0.0 %

Shares of NYSE:KO opened at $59.54 on Monday. The business’s 50 day simple moving average is $62.81 and its two-hundred day simple moving average is $62.74. The firm has a market cap of $257.49 billion, a P/E ratio of 26.94, a PEG ratio of 3.77 and a beta of 0.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $10.57 billion. Coca-Cola had a return on equity of 42.13% and a net margin of 23.16%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, research analysts forecast that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s payout ratio is 79.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Credit Suisse Group set a $68.00 price target on Coca-Cola in a report on Wednesday, July 20th. UBS Group upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley lowered their target price on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. HSBC upped their target price on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Finally, Royal Bank of Canada set a $69.00 target price on Coca-Cola in a report on Tuesday, July 26th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $69.59.

Coca-Cola Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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