Mattson Financial Services LLC decreased its holdings in The Coca-Cola Company (NYSE:KO – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,128 shares of the company’s stock after selling 284 shares during the quarter. Coca-Cola makes up 1.0% of Mattson Financial Services LLC’s portfolio, making the stock its 27th biggest position. Mattson Financial Services LLC’s holdings in Coca-Cola were worth $2,955,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KO. New Millennium Group LLC purchased a new position in shares of Coca-Cola during the 2nd quarter valued at approximately $26,000. Quarry LP acquired a new stake in Coca-Cola in the second quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new position in Coca-Cola during the 1st quarter valued at $28,000. ESL Trust Services LLC acquired a new position in Coca-Cola during the 1st quarter worth $28,000. Finally, DiNuzzo Private Wealth Inc. increased its position in shares of Coca-Cola by 65.0% in the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Insider Activity at Coca-Cola
In other Coca-Cola 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 376,096 shares of company stock worth $25,982,352 in the last quarter. 0.97% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Analysis on KO
Coca-Cola Price Performance
Shares of NYSE:KO opened at $69.16 on Wednesday. The Coca-Cola Company has a 12 month low of $52.11 and a 12 month high of $73.53. The stock has a market cap of $297.94 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 3.97 and a beta of 0.60. The stock’s 50 day moving average price is $70.40 and its 200 day moving average price is $65.21. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.
Coca-Cola (NYSE:KO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Equities research analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.
Coca-Cola Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, September 13th. Coca-Cola’s dividend 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.
Further Reading
- Five stocks we like better than Coca-Cola
- How to Calculate Retirement Income: MarketBeat’s Calculator
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- The Basics of Support and Resistance
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KO – Free Report).
Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.