CocaCola Company (The) (NYSE:KO) Position Trimmed by Arcus Capital Partners LLC

Arcus Capital Partners LLC lessened its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 627,734 shares of the company's stock after selling 5,765 shares during the period. CocaCola accounts for approximately 18.0% of Arcus Capital Partners LLC's portfolio, making the stock its largest holding. Arcus Capital Partners LLC's holdings in CocaCola were worth $44,958,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new stake in CocaCola during the first quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new position in shares of CocaCola during the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer directly owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last 90 days. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KO. UBS Group increased their price target on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada upped their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.71.

CocaCola Trading Up 0.4%

NYSE KO traded up $0.25 on Friday, hitting $70.02. The company's stock had a trading volume of 6,919,215 shares, compared to its average volume of 17,420,076. The firm has a market cap of $301.36 billion, a P/E ratio of 28.01, a PEG ratio of 3.64 and a beta of 0.45. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company's 50-day simple moving average is $70.93 and its 200 day simple moving average is $68.77. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, June 13th. CocaCola's payout ratio is 81.60%.

CocaCola 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.