Centaurus Financial Inc. Sells 8,253 Shares of CocaCola Company (The) $KO

Centaurus Financial Inc. decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 24.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,967 shares of the company’s stock after selling 8,253 shares during the period. Centaurus Financial Inc.’s holdings in CocaCola were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of CocaCola by 59.7% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 10,671 shares of the company’s stock worth $764,000 after acquiring an additional 3,988 shares during the last quarter. Ethic Inc. boosted its holdings in CocaCola by 12.5% during the 1st quarter. Ethic Inc. now owns 61,872 shares of the company’s stock valued at $4,447,000 after acquiring an additional 6,853 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in CocaCola by 8.9% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 307,083 shares of the company’s stock valued at $21,992,000 after acquiring an additional 25,110 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of CocaCola in a report on Friday, December 5th. Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company boosted their price target on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.08.

Insider Activity

In related news, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the sale, the executive vice president owned 37,725 shares of the company’s stock, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the transaction, the executive vice president owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This represents a 70.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 225,252 shares of company stock worth $15,953,007 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Price Performance

Shares of KO opened at $70.51 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The company has a 50 day moving average price of $69.85 and a 200-day moving average price of $69.47. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market capitalization of $303.29 billion, a PE ratio of 23.35, a PEG ratio of 3.92 and a beta of 0.39.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. Equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio is 67.55%.

CocaCola Company 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.