Arlington Partners LLC Raises Stock Position in CocaCola Company (The) (NYSE:KO)

Arlington Partners LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 21.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,851 shares of the company's stock after acquiring an additional 10,895 shares during the period. CocaCola accounts for about 1.7% of Arlington Partners LLC's holdings, making the stock its 25th biggest position. Arlington Partners LLC's holdings in CocaCola were worth $4,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its holdings in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares during the period. Bank Pictet & Cie Europe AG raised its position in CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. IFP Advisors Inc lifted its holdings in CocaCola by 31.2% in the fourth quarter. IFP Advisors Inc now owns 62,517 shares of the company's stock valued at $3,892,000 after acquiring an additional 14,872 shares during the period. Finally, Impax Asset Management Group plc boosted its position in shares of CocaCola by 6.3% during the 4th quarter. Impax Asset Management Group plc now owns 154,591 shares of the company's stock worth $9,625,000 after purchasing an additional 9,108 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated 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 directly owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. 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 CocaCola stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 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 disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 in the last three months. Company insiders own 0.90% of the company's stock.

CocaCola Price Performance

KO stock traded down $0.55 during trading on Wednesday, hitting $69.66. The stock had a trading volume of 12,536,081 shares, compared to its average volume of 16,001,739. The stock has a market cap of $299.84 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.66 and a beta of 0.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The company's 50 day moving average price is $71.42 and its two-hundred day moving average price is $68.17. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

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

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KO shares. 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 report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.27.

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.