Little House Capital LLC Sells 1,093 Shares of The Coca-Cola Company (NYSE:KO)

Little House Capital LLC lessened its position in The Coca-Cola Company (NYSE:KO) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,290 shares of the company’s stock after selling 1,093 shares during the period. Little House Capital LLC’s holdings in Coca-Cola were worth $1,058,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Morgan Stanley increased its holdings in Coca-Cola by 2.5% during the 3rd quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after purchasing an additional 1,950,146 shares in the last quarter. Norges Bank bought a new stake in shares of Coca-Cola in the fourth quarter worth $2,808,056,000. Price T Rowe Associates Inc. MD boosted its holdings in Coca-Cola by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock worth $2,390,448,000 after purchasing an additional 2,893,061 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Coca-Cola by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,171,216 shares of the company’s stock valued at $894,028,000 after purchasing an additional 814,779 shares in the last quarter. Finally, Vontobel Asset Management Inc. increased its stake in Coca-Cola by 2.7% in the 4th quarter. Vontobel Asset Management Inc. now owns 14,337,691 shares of the company’s stock valued at $890,866,000 after buying an additional 378,447 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KO. UBS Group raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. BNP Paribas initiated coverage on Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective for the company. Argus upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, Barclays lifted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $68.83.

Coca-Cola Stock Performance

Shares of KO traded down $0.41 during midday trading on Monday, reaching $63.24. 6,284,974 shares of the stock were exchanged, compared to its average volume of 13,071,048. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The company has a market cap of $272.44 billion, a P/E ratio of 25.40, a PEG ratio of 3.60 and a beta of 0.59. The stock’s 50 day simple moving average is $62.72 and its 200 day simple moving average is $60.78. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Insider Activity

In related news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the transaction, the executive vice president now owns 33,638 shares in the company, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,665 shares of company stock worth $13,995,465. Insiders own 0.97% of the company’s stock.

Coca-Cola Company 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.