Paradigm Financial Advisors LLC Sells 968 Shares of The Coca-Cola Co (KO)

Paradigm Financial Advisors LLC cut its holdings in shares of The Coca-Cola Co (NYSE:KO) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,793 shares of the company’s stock after selling 968 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in The Coca-Cola were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reynders McVeigh Capital Management LLC boosted its holdings in The Coca-Cola by 0.9% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after purchasing an additional 213 shares during the last quarter. Cordasco Financial Network raised its stake in shares of The Coca-Cola by 26.1% in the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after acquiring an additional 214 shares during the period. Windsor Group LTD raised its stake in shares of The Coca-Cola by 1.7% in the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after acquiring an additional 222 shares during the period. United Capital Management of KS Inc. raised its stake in shares of The Coca-Cola by 2.3% in the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after acquiring an additional 229 shares during the period. Finally, We Are One Seven LLC raised its stake in shares of The Coca-Cola by 3.2% in the 4th quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock valued at $361,000 after acquiring an additional 240 shares during the period. Hedge funds and other institutional investors own 66.99% of the company’s stock.

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

A number of research firms have recently issued reports on KO. Royal Bank of Canada reissued a “buy” rating and issued a $56.00 price target on shares of The Coca-Cola in a research note on Monday, November 19th. Macquarie reissued a “neutral” rating and issued a $50.00 price target on shares of The Coca-Cola in a research note on Tuesday, December 4th. Bank of America set a $55.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Friday, December 14th. UBS Group reissued a “neutral” rating and issued a $51.00 price target (up from $50.00) on shares of The Coca-Cola in a research note on Thursday, December 13th. Finally, Jefferies Financial Group reissued a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a research note on Monday, December 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.60.

Shares of KO opened at $45.30 on Friday. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The company has a market cap of $193.25 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.51. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 1.33.

The Coca-Cola (NYSE:KO) last announced its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, research analysts forecast that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.40 per share. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, March 14th. The Coca-Cola’s dividend payout ratio is presently 75.00%.

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The Coca-Cola Company Profile

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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