Terril Brothers Inc. Sells 4,107 Shares of The Coca-Cola Company (NYSE:KO)

Terril Brothers Inc. reduced its position in The Coca-Cola Company (NYSE:KOGet Rating) by 34.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,768 shares of the company’s stock after selling 4,107 shares during the period. Terril Brothers Inc.’s holdings in Coca-Cola were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Curi Wealth Management LLC purchased a new stake in Coca-Cola during the fourth quarter valued at $25,000. Nauset Wealth Management. LLC purchased a new stake in shares of Coca-Cola during the 1st quarter valued at about $27,000. Shore Point Advisors LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $28,000. Delos Wealth Advisors LLC lifted its holdings in shares of Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares during the last quarter. Finally, Horan Securities Inc. purchased a new position in Coca-Cola in the fourth quarter worth about $32,000. 68.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KO shares. Credit Suisse Group set a $68.00 price objective on Coca-Cola in a research note on Wednesday, July 20th. JPMorgan Chase & Co. set a $70.00 price objective on shares of Coca-Cola in a research report on Tuesday, July 26th. Truist Financial increased their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Barclays set a $74.00 price target on shares of Coca-Cola in a research note on Wednesday, April 27th. Finally, Cowen increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 26th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.35.

Insiders Place Their Bets

In other news, Director Carolyn Everson acquired 983 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $93,435. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, CEO James Quincey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $64.09, for a total value of $2,050,880.00. Following the completion of the sale, the chief executive officer now owns 351,737 shares of the company’s stock, valued at $22,542,824.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carolyn Everson acquired 983 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were bought at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at $93,435. The disclosure for this purchase can be found here. 0.98% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Up 0.0 %

Shares of NYSE:KO traded up $0.02 during trading hours on Wednesday, hitting $65.05. The company’s stock had a trading volume of 189,977 shares, compared to its average volume of 11,640,668. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s fifty day moving average price is $62.53 and its 200 day moving average price is $62.58. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $67.20. The company has a market capitalization of $281.32 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 4.09 and a beta of 0.53.

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

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be paid a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.71%. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.

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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