XTX Topco Ltd Sells 8,574 Shares of The Coca-Cola Company (NYSE:KO)

XTX Topco Ltd decreased its position in The Coca-Cola Company (NYSE:KO) by 27.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,481 shares of the company’s stock after selling 8,574 shares during the quarter. Coca-Cola makes up approximately 0.3% of XTX Topco Ltd’s portfolio, making the stock its 23rd largest holding. XTX Topco Ltd’s holdings in Coca-Cola were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Freedom Wealth Alliance LLC bought a new position in Coca-Cola during the fourth quarter worth $25,000. Venturi Wealth Management LLC bought a new position in Coca-Cola during the first quarter worth $25,000. Fortis Capital Advisors LLC bought a new position in Coca-Cola during the fourth quarter worth $30,000. NewSquare Capital LLC increased its position in Coca-Cola by 62.5% during the first quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 195 shares during the period. Finally, Retirement Group LLC increased its position in Coca-Cola by 51.5% during the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock worth $35,000 after acquiring an additional 187 shares during the period. Institutional investors own 68.96% of the company’s stock.

Coca-Cola Stock Performance

Coca-Cola stock opened at $58.33 on Friday. The stock has a 50-day simple moving average of $60.70 and a 200 day simple moving average of $61.28. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12-month low of $54.01 and a 12-month high of $64.99. The stock has a market capitalization of $252.24 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.45 and a beta of 0.55.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Coca-Cola had a return on equity of 43.06% and a net margin of 23.81%. The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $11.74 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.63 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 3.15%. Coca-Cola’s dividend payout ratio is currently 75.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KO shares. Royal Bank of Canada boosted their target price on shares of Coca-Cola from $69.00 to $70.00 in a research report on Thursday, July 27th. Wedbush lifted their price target on shares of Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Barclays lifted their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Finally, HSBC decreased their price target on shares of Coca-Cola from $77.00 to $74.00 in a research note on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Insiders Place Their Bets

In other Coca-Cola news, SVP Monica Howard Douglas sold 21,074 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the completion of the sale, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, SVP Monica Howard Douglas sold 21,074 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the completion of the sale, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Murphy sold 156,290 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $62.10, for a total value of $9,705,609.00. Following the sale, the chief financial officer now directly owns 228,830 shares of the company’s stock, valued at $14,210,343. The disclosure for this sale can be found here. In the last three months, insiders sold 227,364 shares of company stock valued at $14,122,016. 1.00% of the stock is currently owned by insiders.

Coca-Cola 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.