CocaCola Company (The) $KO Shares Sold by Constitution Capital LLC

Constitution Capital LLC cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 46.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,436 shares of the company’s stock after selling 50,233 shares during the period. CocaCola makes up about 1.8% of Constitution Capital LLC’s portfolio, making the stock its 16th largest holding. Constitution Capital LLC’s holdings in CocaCola were worth $3,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Brighton Jones LLC grew its stake in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC lifted its holdings in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at about $771,000. Panagora Asset Management Inc. increased its stake in shares of CocaCola by 84.0% during the first quarter. Panagora Asset Management Inc. now owns 240,482 shares of the company’s stock worth $17,223,000 after purchasing an additional 109,800 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in shares of CocaCola during the 1st quarter worth about $115,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the transaction, the executive vice president owned 37,725 shares in the company, valued at $2,638,109.25. This represents a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 225,252 shares of company stock valued at $15,953,007 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KO shares. Piper Sandler lifted their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Bank of America boosted their price target on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Finally, UBS Group restated a “buy” rating on shares of CocaCola in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $79.08.

CocaCola Price Performance

NYSE:KO opened at $69.90 on Monday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market cap of $300.69 billion, a PE ratio of 23.15, a P/E/G ratio of 3.88 and a beta of 0.39. 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 stock has a 50 day moving average price of $70.51 and a 200 day moving average price of $69.37.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

CocaCola Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.