Perigon Wealth Management LLC Has $409,000 Holdings in The Coca-Cola Co (KO)

Perigon Wealth Management LLC lessened its holdings in The Coca-Cola Co (NYSE:KO) by 35.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,771 shares of the company’s stock after selling 4,816 shares during the quarter. Perigon Wealth Management LLC’s holdings in The Coca-Cola were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schulhoff & Co. Inc. raised its position in shares of The Coca-Cola by 1.2% during the 3rd quarter. Schulhoff & Co. Inc. now owns 86,940 shares of the company’s stock worth $4,015,000 after purchasing an additional 1,015 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of The Coca-Cola by 6.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 18,354 shares of the company’s stock worth $848,000 after purchasing an additional 1,080 shares during the last quarter. Hayek Kallen Investment Management raised its position in shares of The Coca-Cola by 1.3% during the 3rd quarter. Hayek Kallen Investment Management now owns 86,843 shares of the company’s stock worth $3,772,000 after purchasing an additional 1,096 shares during the last quarter. Ascension Asset Management LLC raised its position in shares of The Coca-Cola by 5.3% during the 2nd quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock worth $967,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Country Club Trust Company n.a. raised its position in shares of The Coca-Cola by 3.7% during the 3rd quarter. Country Club Trust Company n.a. now owns 30,995 shares of the company’s stock worth $1,432,000 after purchasing an additional 1,100 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Shares of NYSE KO opened at $49.58 on Thursday. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The firm has a market cap of $211.50 billion, a PE ratio of 25.96, a P/E/G ratio of 3.25 and a beta of 0.61. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.15%. The Coca-Cola’s dividend payout ratio is presently 81.68%.

In related news, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction of $479,800.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at approximately $4,445,107.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now directly owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold a total of 374,542 shares of company stock valued at $18,436,957 over the last three months. Corporate insiders own 1.48% of the company’s stock.

Several research analysts recently issued reports on KO shares. Morningstar set a $49.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Societe Generale set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, August 13th. HSBC restated a “buy” rating and set a $61.00 price objective on shares of The Coca-Cola in a research report on Monday, August 20th. Morgan Stanley reiterated a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a report on Tuesday, August 21st. Finally, Jefferies Financial Group reiterated a “neutral” rating and issued a $48.00 price target on shares of The Coca-Cola in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $51.43.

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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 water, enhanced water, and sports drinks; juices; 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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