CocaCola Company (The) (NYSE:KO) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lowered its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,989 shares of the company's stock after selling 9,366 shares during the quarter. Apollon Wealth Management LLC's holdings in CocaCola were worth $8,880,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC increased its position in shares of CocaCola by 20.7% during the first quarter. Transcendent Capital Group LLC now owns 2,820 shares of the company's stock worth $202,000 after acquiring an additional 484 shares during the period. Catalyst Financial Partners LLC boosted its holdings in shares of CocaCola by 4.3% in the first quarter. Catalyst Financial Partners LLC now owns 22,560 shares of the company's stock valued at $1,616,000 after purchasing an additional 934 shares during the period. Edgestream Partners L.P. bought a new position in CocaCola in the first quarter worth approximately $628,000. Turtle Creek Wealth Advisors LLC increased its holdings in CocaCola by 391.9% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 57,770 shares of the company's stock worth $4,137,000 after purchasing an additional 46,026 shares during the period. Finally, Florida Financial Advisors LLC raised its position in CocaCola by 11.0% during the 1st quarter. Florida Financial Advisors LLC now owns 8,396 shares of the company's stock valued at $601,000 after purchasing an additional 833 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research reports. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Royal Bank Of Canada upped their price target on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group boosted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Cfra Research upgraded CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Buying and Selling

In other news, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 over the last quarter. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Performance

Shares of CocaCola stock traded down $0.38 during midday trading on Monday, hitting $69.49. The company had a trading volume of 13,973,560 shares, compared to its average volume of 17,440,771. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market cap of $299.11 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.66 and a beta of 0.45. The company has a fifty day simple moving average of $70.90 and a 200 day simple moving average of $68.90.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, June 13th. CocaCola's payout ratio is 81.60%.

About CocaCola

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.