CocaCola Company (The) (NYSE:KO) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,399,966 shares of the company's stock after buying an additional 115,445 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.08% of CocaCola worth $267,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional 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 approximately $25,000. Crowley Wealth Management Inc. purchased a new position in CocaCola during the 4th quarter worth $27,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the period. Finally, REAP Financial Group LLC increased its holdings in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Transactions at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the business's 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 completion of the sale, the chief financial officer 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 Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research report on Monday. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. UBS Group lowered their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CocaCola currently has an average rating of "Buy" and a consensus price target of $77.07.

CocaCola Trading Down 0.0%

NYSE:KO traded down $0.03 during trading hours on Thursday, reaching $69.13. 12,486,914 shares of the stock were exchanged, compared to its average volume of 17,407,264. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average of $70.74 and a two-hundred day moving average of $69.23. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market capitalization of $297.57 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.65 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is 72.34%.

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.