TCV Trust & Wealth Management Inc. Has $3.35 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

TCV Trust & Wealth Management Inc. decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.5% during the 3rd quarter, Holdings Channel reports. The firm owned 46,600 shares of the company’s stock after selling 225 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Coca-Cola were worth $3,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KO. Swedbank AB acquired a new stake in Coca-Cola in the 1st quarter valued at about $102,604,000. BDF Gestion acquired a new stake in shares of Coca-Cola in the second quarter valued at approximately $7,421,000. Duality Advisers LP boosted its stake in shares of Coca-Cola by 191.1% during the 1st quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock worth $6,843,000 after acquiring an additional 73,434 shares during the period. TD Asset Management Inc increased its holdings in shares of Coca-Cola by 0.7% during the 1st quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock worth $179,578,000 after acquiring an additional 20,048 shares during the last quarter. Finally, Guinness Asset Management LTD raised its stake in Coca-Cola by 4.6% in the 3rd quarter. Guinness Asset Management LTD now owns 3,062,037 shares of the company’s stock valued at $220,011,000 after acquiring an additional 134,046 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,398,603.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,398,603.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 319,005 shares of company stock worth $22,198,147. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Bank of America raised their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Barclays decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Coca-Cola Price Performance

KO stock opened at $66.92 on Friday. The Coca-Cola Company has a 12 month low of $55.10 and a 12 month high of $73.53. The firm has a market cap of $288.42 billion, a P/E ratio of 27.09, a P/E/G ratio of 3.91 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average price is $70.66 and its two-hundred day moving average price is $66.06.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the company posted $0.74 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.90%. Coca-Cola’s dividend payout ratio (DPR) is currently 78.54%.

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.