Bank of Hawaii Has $4.11 Million Stake in The Coca-Cola Company (NYSE:KO)

Bank of Hawaii trimmed its stake in The Coca-Cola Company (NYSE:KO) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,165 shares of the company’s stock after selling 5,795 shares during the period. Bank of Hawaii’s holdings in Coca-Cola were worth $4,108,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KO. Mount Yale Investment Advisors LLC increased its holdings in Coca-Cola by 33.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 12,534 shares of the company’s stock valued at $767,000 after purchasing an additional 3,111 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in Coca-Cola by 0.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 428,062 shares of the company’s stock worth $26,189,000 after purchasing an additional 3,008 shares during the period. Ilex Capital Partners UK LLP lifted its position in Coca-Cola by 117.3% during the 1st quarter. Ilex Capital Partners UK LLP now owns 1,874,536 shares of the company’s stock valued at $114,684,000 after purchasing an additional 1,011,956 shares during the period. Prudent Investors Network Inc. acquired a new stake in shares of Coca-Cola during the 1st quarter worth approximately $6,604,000. Finally, Ancora Advisors LLC raised its stake in shares of Coca-Cola by 8.0% during the first quarter. Ancora Advisors LLC now owns 46,528 shares of the company’s stock worth $2,847,000 after buying an additional 3,435 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KO has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lowered their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised their price objective on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and an average price target of $72.36.

Coca-Cola Stock Up 0.3 %

Coca-Cola stock opened at $63.92 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 1-year low of $57.47 and a 1-year high of $73.53. The company has a fifty day simple moving average of $67.79 and a 200 day simple moving average of $66.57. The company has a market cap of $275.35 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61.

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

Coca-Cola Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio is currently 80.17%.

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.