Cypress Wealth Services LLC Sells 822 Shares of The Coca-Cola Company (NYSE:KO)

Cypress Wealth Services LLC lowered its position in The Coca-Cola Company (NYSE:KO) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,665 shares of the company’s stock after selling 822 shares during the quarter. Cypress Wealth Services LLC’s holdings in Coca-Cola were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KO. ZRC Wealth Management LLC lifted its position in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the period. Tidemark LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $27,000. Criterion Capital Advisors LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $31,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KO. UBS Group raised their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI raised their price target on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, BNP Paribas initiated coverage on Coca-Cola in a report on Monday. They set an “outperform” rating and a $72.00 price target for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.83.

Insider Buying and Selling

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the transaction, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. Insiders sold a total of 223,665 shares of company stock valued at $13,995,465 over the last three months. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.2 %

Shares of Coca-Cola stock traded down $0.12 during trading on Thursday, reaching $63.93. 8,493,217 shares of the company were exchanged, compared to its average volume of 13,091,350. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The business has a 50-day moving average price of $62.55 and a 200-day moving average price of $60.71. The firm has a market capitalization of $275.41 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

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.