Perigon Wealth Management LLC Has $2.32 Million Stake in Coca-Cola Company (The) (KO)

Perigon Wealth Management LLC reduced its position in Coca-Cola Company (The) (NYSE:KO) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,180 shares of the company’s stock after selling 796 shares during the period. Perigon Wealth Management LLC’s holdings in Coca-Cola Company (The) were worth $2,320,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KO. Alpha Windward LLC boosted its stake in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after buying an additional 68 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after buying an additional 96 shares in the last quarter. Whalerock Point Partners LLC boosted its stake in shares of Coca-Cola Company (The) by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 6,063 shares of the company’s stock worth $252,000 after buying an additional 100 shares in the last quarter. SignalPoint Asset Management LLC boosted its stake in shares of Coca-Cola Company (The) by 1.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after buying an additional 125 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. 63.80% of the stock is owned by institutional investors.

Shares of Coca-Cola Company (KO) traded down 0.41% during midday trading on Friday, reaching $45.67. 10,879,794 shares of the company traded hands. The company has a 50-day moving average of $45.25 and a 200 day moving average of $43.72. The firm has a market capitalization of $194.80 billion, a PE ratio of 48.23 and a beta of 0.69. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, equities analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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A number of analysts have weighed in on the company. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and issued a $48.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus target price of $45.70.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the sale, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold a total of 750,263 shares of company stock worth $34,134,363 over the last quarter. Corporate insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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