Mathes Company Inc. Sells 450 Shares of The Coca-Cola Company (NYSE:KO)

Mathes Company Inc. decreased its holdings in The Coca-Cola Company (NYSE:KO) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,695 shares of the company’s stock after selling 450 shares during the quarter. Mathes Company Inc.’s holdings in Coca-Cola were worth $2,565,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Coca-Cola by 4.8% in the third quarter. State of Alaska Department of Revenue now owns 457,782 shares of the company’s stock valued at $32,895,000 after buying an additional 21,005 shares during the period. Swedbank AB acquired a new position in Coca-Cola in the first quarter valued at about $102,604,000. BDF Gestion acquired a new position in Coca-Cola in the second quarter valued at about $7,421,000. Nisa Investment Advisors LLC lifted its stake in Coca-Cola by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,149,209 shares of the company’s stock valued at $83,151,000 after buying an additional 107,374 shares during the period. Finally, Duality Advisers LP lifted its stake in Coca-Cola by 191.1% in the first quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock valued at $6,843,000 after buying an additional 73,434 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, 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 related news, CEO James Quincey sold 42,397 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,870 shares of company stock valued at $18,256,369. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KO. Morgan Stanley cut their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Citigroup raised their price target on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays decreased their price objective on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.80.

Coca-Cola Stock Performance

NYSE:KO opened at $65.00 on Friday. The stock has a market cap of $280.01 billion, a P/E ratio of 26.86, a PEG ratio of 4.00 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock has a 50 day simple moving average of $70.29 and a 200 day simple moving average of $66.26. The Coca-Cola Company has a 1-year low of $56.06 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. Research analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 annualized dividend and a yield of 2.98%. Coca-Cola’s dividend payout ratio is presently 80.17%.

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.