NORTHSTAR ASSET MANAGEMENT Co Has $711,000 Stock Position in CocaCola Company (The) $KO

NORTHSTAR ASSET MANAGEMENT Co decreased its position in CocaCola Company (The) (NYSE:KO) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,055 shares of the company’s stock after selling 1,100 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in CocaCola were worth $711,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the period. GAMMA Investing LLC grew its stake in shares of CocaCola by 19.0% in the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock valued at $5,961,000 after purchasing an additional 13,261 shares during the period. Pure Financial Advisors LLC grew its stake in shares of CocaCola by 42.7% in the 1st quarter. Pure Financial Advisors LLC now owns 8,081 shares of the company’s stock valued at $579,000 after purchasing an additional 2,418 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of CocaCola by 25.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 196,331 shares of the company’s stock valued at $14,061,000 after purchasing an additional 40,178 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Down 0.3%

NYSE:KO opened at $69.74 on Friday. The stock’s fifty day moving average price is $67.81 and its two-hundred day moving average price is $69.73. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market cap of $300.13 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 3.66 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. On average, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio is 67.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday. UBS Group decreased their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $78.31.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

CocaCola Profile

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.