Mengis Capital Management Inc. cut its position in shares of The Coca-Cola Co (NYSE:KO) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,536 shares of the company’s stock after selling 396 shares during the quarter. The Coca-Cola makes up 1.1% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Mengis Capital Management Inc.’s holdings in The Coca-Cola were worth $1,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transamerica Financial Advisors Inc. boosted its position in shares of The Coca-Cola by 567.7% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after acquiring an additional 721 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of The Coca-Cola in the fourth quarter worth approximately $45,000. Cordasco Financial Network lifted its position in The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after buying an additional 214 shares in the last quarter. Country Trust Bank lifted its position in The Coca-Cola by 2,506.7% during the fourth quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after buying an additional 1,128 shares in the last quarter. Finally, Financial Advantage Inc. acquired a new position in The Coca-Cola during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 66.99% of the company’s stock.

In other news, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the transaction, the insider now owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

A number of research analysts have weighed in on KO shares. Morgan Stanley set a $48.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Friday, February 15th. Credit Suisse Group started coverage on shares of The Coca-Cola in a research report on Wednesday, March 6th. They set a “neutral” rating and a $48.00 price target on the stock. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a research report on Wednesday, February 13th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.60.

Shares of NYSE:KO opened at $45.70 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95. The firm has a market capitalization of $196.44 billion, a P/E ratio of 21.97, a P/E/G ratio of 3.10 and a beta of 0.51. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $50.84.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. Equities research analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.40 per share. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 14th. This represents a $1.60 annualized dividend and a yield of 3.50%. The Coca-Cola’s payout ratio is presently 75.00%.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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