Amiral Gestion Invests $8.73 Million in The Coca-Cola Company (NYSE:KO)

Amiral Gestion bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 140,158 shares of the company's stock, valued at approximately $8,726,000. Coca-Cola accounts for approximately 5.5% of Amiral Gestion's investment portfolio, making the stock its 6th largest holding.

Other large investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in Coca-Cola during the 4th quarter worth $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola during the 4th quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola during the 4th quarter worth $38,000. Hoey Investments Inc. increased its stake in Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after acquiring an additional 181 shares during the period. Finally, MilWealth Group LLC bought a new position in Coca-Cola during the 4th quarter worth $40,000. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Piper Sandler raised their target price on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada raised their target price on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $75.81.

Insider Buying and Selling at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 284,469 shares of company stock worth $20,356,667. Insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 0.1%

Shares of KO stock traded down $0.04 during mid-day trading on Tuesday, hitting $71.73. The company's stock had a trading volume of 10,655,618 shares, compared to its average volume of 15,711,109. The company's fifty day simple moving average is $71.14 and its 200-day simple moving average is $67.08. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company has a market cap of $308.75 billion, a PE ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company posted $0.72 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

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.