The Coca-Cola Company (NYSE:KO) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 48.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,857 shares of the company's stock after selling 8,466 shares during the quarter. Advisory Alpha LLC's holdings in Coca-Cola were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Voleon Capital Management LP purchased a new position in Coca-Cola in the fourth quarter worth $2,513,000. Rice Partnership LLC boosted its position in shares of Coca-Cola by 7.1% in the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after purchasing an additional 6,793 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in Coca-Cola by 62.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,708 shares of the company's stock worth $1,663,000 after buying an additional 10,240 shares during the last quarter. Lockheed Martin Investment Management Co. increased its position in Coca-Cola by 16.3% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 218,985 shares of the company's stock valued at $13,634,000 after buying an additional 30,650 shares in the last quarter. Finally, abrdn plc increased its position in Coca-Cola by 0.3% during the 4th quarter. abrdn plc now owns 7,238,640 shares of the company's stock valued at $447,963,000 after buying an additional 22,904 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 55,500 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the sale, the insider now directly owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This represents a 18.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 496,164 shares of company stock worth $35,671,587. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Performance

Shares of KO traded up $0.47 during mid-day trading on Wednesday, reaching $71.63. The company had a trading volume of 4,943,743 shares, compared to its average volume of 15,727,408. The stock has a market capitalization of $308.31 billion, a P/E ratio of 29.00, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock has a 50 day moving average of $71.39 and a two-hundred day moving average of $67.42. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.85%. Coca-Cola's dividend payout ratio is presently 81.60%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Royal Bank of Canada increased their price objective on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Morgan Stanley raised their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $75.81.

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.