apricus wealth LLC Sells 531 Shares of The Coca-Cola Company (NYSE:KO)

apricus wealth LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,168 shares of the company’s stock after selling 531 shares during the period. apricus wealth LLC’s holdings in Coca-Cola were worth $515,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KO. Mcdaniel Terry & Co. grew its holdings in Coca-Cola by 0.9% during the 3rd quarter. Mcdaniel Terry & Co. now owns 423,150 shares of the company’s stock valued at $30,408,000 after purchasing an additional 3,607 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Coca-Cola by 0.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 819,298 shares of the company’s stock valued at $58,875,000 after purchasing an additional 3,542 shares during the last quarter. Pinnacle West Asset Management Inc. grew its holdings in Coca-Cola by 1.6% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 11,135 shares of the company’s stock valued at $800,000 after purchasing an additional 175 shares during the last quarter. Jackson Wealth Management LLC boosted its position in Coca-Cola by 74.7% in the 3rd quarter. Jackson Wealth Management LLC now owns 54,632 shares of the company’s stock valued at $3,926,000 after buying an additional 23,365 shares during the period. Finally, Grimes & Company Inc. boosted its position in Coca-Cola by 5.3% in the 3rd quarter. Grimes & Company Inc. now owns 22,471 shares of the company’s stock valued at $1,615,000 after buying an additional 1,130 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 18,482 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,398,603.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James Quincey sold 42,397 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $70.02, for a total value of $2,968,637.94. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,398,603.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 319,005 shares of company stock worth $22,198,147. 0.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KO. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Barclays boosted their price objective on shares of Coca-Cola from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. TD Cowen upped their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.87.

Coca-Cola Trading Down 1.0 %

NYSE KO opened at $67.30 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 firm has a market cap of $289.93 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The company has a 50 day moving average price of $70.74 and a 200 day moving average price of $65.96. The Coca-Cola Company has a 52 week low of $55.10 and a 52 week high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the business posted $0.74 EPS. Coca-Cola’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.88%. Coca-Cola’s payout ratio 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.