Tompkins Financial Corp Trims Stock Position in The Coca-Cola Company (NYSE:KO)

Tompkins Financial Corp decreased its holdings in The Coca-Cola Company (NYSE:KO) by 30.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,860 shares of the company’s stock after selling 12,434 shares during the quarter. Tompkins Financial Corp’s holdings in Coca-Cola were worth $2,074,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. New Millennium Group LLC purchased a new position in Coca-Cola during the second quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of Coca-Cola in the second quarter valued at about $27,000. ESL Trust Services LLC bought a new position in shares of Coca-Cola in the first quarter worth about $28,000. Hara Capital LLC purchased a new position in Coca-Cola in the 3rd quarter worth approximately $35,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the 3rd quarter worth approximately $36,000. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,748 shares of company stock valued at $14,274,431. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.4 %

KO traded up $0.26 on Friday, reaching $63.92. 14,719,308 shares of the company traded hands, compared to its average volume of 13,338,074. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a market cap of $275.35 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.87 and a beta of 0.61. The firm has a fifty day simple moving average of $69.56 and a two-hundred day simple moving average of $66.44. The Coca-Cola Company has a one year low of $56.06 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. Coca-Cola’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, equities research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is 80.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KO. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Truist Financial raised their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

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.