Sageworth Trust Co Sells 523 Shares of The Coca-Cola Co (NYSE:KO)

Sageworth Trust Co trimmed its position in shares of The Coca-Cola Co (NYSE:KO) by 25.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,527 shares of the company’s stock after selling 523 shares during the period. Sageworth Trust Co’s holdings in The Coca-Cola were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC acquired a new stake in shares of The Coca-Cola in the 1st quarter valued at approximately $28,000. Orrstown Financial Services Inc. boosted its stake in shares of The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in shares of The Coca-Cola in the 1st quarter valued at approximately $35,000. Canton Hathaway LLC boosted its stake in shares of The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after purchasing an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in shares of The Coca-Cola in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 66.80% of the company’s stock.

KO traded up $0.32 during mid-day trading on Friday, reaching $52.35. 5,130,401 shares of the stock were exchanged, compared to its average volume of 10,864,077. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a market capitalization of $229.71 billion, a PE ratio of 25.17, a PEG ratio of 3.73 and a beta of 0.50. The business has a 50 day moving average of $52.01. The Coca-Cola Co has a 1 year low of $44.25 and a 1 year high of $54.82.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.

Several equities research analysts recently commented on KO shares. Credit Suisse Group lifted their target price on shares of The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. SunTrust Banks raised their price target on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. Barclays set a $54.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Deutsche Bank raised their price target on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.86.

In related news, SVP Nancy Quan sold 23,320 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $47.95, for a total value of $1,118,194.00. Following the transaction, the senior vice president now directly owns 165,049 shares in the company, valued at $7,914,099.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Francisco Crespo sold 125,948 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the completion of the transaction, the insider now owns 186,631 shares in the company, valued at $9,331,550. The disclosure for this sale can be found here. Insiders sold a total of 369,175 shares of company stock worth $18,634,452 over the last three months. 1.33% of the stock is owned by insiders.

The Coca-Cola 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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