The Coca-Cola Company (NYSE:KO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,593,267 shares of the company's stock after selling 574,969 shares during the period. Coca-Cola accounts for about 0.9% of Charles Schwab Investment Management Inc.'s portfolio, making the stock its 19th largest holding. Charles Schwab Investment Management Inc. owned 1.45% of Coca-Cola worth $4,497,928,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. New Millennium Group LLC acquired a new position in Coca-Cola in the second quarter valued at approximately $26,000. Quarry LP purchased a new position in Coca-Cola in the second quarter valued at $27,000. Hara Capital LLC purchased a new position in Coca-Cola in the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Coca-Cola in the third quarter valued at $36,000. Finally, Mount Lucas Management LP purchased a new position in Coca-Cola in the second quarter valued at $38,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

NYSE:KO traded up $0.77 during mid-day trading on Thursday, reaching $63.76. The stock had a trading volume of 11,612,041 shares, compared to its average volume of 13,430,686. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market capitalization of $274.67 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 3.80 and a beta of 0.61. The Coca-Cola Company has a twelve month low of $57.47 and a twelve month high of $73.53. The business has a 50 day simple moving average of $67.94 and a 200 day simple moving average of $66.50.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. On average, analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is 80.17%.

Wall Street Analyst Weigh In

KO has been the topic of several recent analyst reports. Citigroup increased their target price on Coca-Cola from $72.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola presently has an average rating of "Moderate Buy" and an average price target of $72.36.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 42,397 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $70.02, for a total value of $2,968,637.94. Following the sale, the chief executive officer now owns 442,546 shares of the company's stock, valued at approximately $30,987,070.92. This represents a 8.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company's stock, valued at $15,968,095. This trade represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,881 shares of company stock valued at $10,693,244 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

About Coca-Cola

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.