First Citizens Bank & Trust Co. trimmed its stake in The Coca-Cola Co (NYSE:KO) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,679 shares of the company’s stock after selling 4,720 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Coca-Cola were worth $1,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of The Coca-Cola by 1.1% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock worth $10,236,000 after acquiring an additional 2,600 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of The Coca-Cola by 0.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock worth $25,871,000 after acquiring an additional 4,973 shares during the period. HPM Partners LLC lifted its holdings in shares of The Coca-Cola by 3.0% during the 2nd quarter. HPM Partners LLC now owns 100,292 shares of the company’s stock worth $4,399,000 after acquiring an additional 2,931 shares during the period. Baldwin Investment Management LLC bought a new position in shares of The Coca-Cola during the 2nd quarter worth about $272,000. Finally, Signaturefd LLC lifted its holdings in shares of The Coca-Cola by 27.2% during the 2nd quarter. Signaturefd LLC now owns 660,147 shares of the company’s stock worth $28,954,000 after acquiring an additional 140,972 shares during the period. Institutional investors own 65.38% of the company’s stock.

In other The Coca-Cola news, insider John Murphy sold 56,000 shares of the business’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $46.48, for a total value of $2,602,880.00. Following the completion of the transaction, the insider now directly owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the transaction, the vice president now directly owns 200,725 shares of the company’s stock, valued at $9,323,676.25. The disclosure for this sale can be found here. Insiders have sold a total of 215,822 shares of company stock valued at $10,027,727 over the last three months. 1.48% of the stock is currently owned by insiders.

A number of research firms have recently commented on KO. TheStreet raised shares of The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. Gabelli reaffirmed a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a report on Thursday, July 26th. Macquarie reaffirmed a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a report on Thursday, October 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.74.

Shares of KO stock opened at $46.33 on Friday. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $48.62. The stock has a market cap of $194.57 billion, a P/E ratio of 23.15, a PEG ratio of 2.87 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts expect that The Coca-Cola Co will post 2.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s dividend payout ratio is currently 81.68%.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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