Banque Pictet & Cie SA Grows Position in CocaCola Company (The) (NYSE:KO)

Banque Pictet & Cie SA grew its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 118,442 shares of the company's stock after buying an additional 4,079 shares during the quarter. Banque Pictet & Cie SA's holdings in CocaCola were worth $8,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KO. Deseret Mutual Benefit Administrators increased its position in shares of CocaCola by 0.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after buying an additional 143 shares during the period. MBA Advisors LLC increased its position in shares of CocaCola by 1.2% during the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after buying an additional 143 shares during the period. BXM Wealth LLC lifted its position in CocaCola by 4.3% during the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after buying an additional 144 shares during the period. Navis Wealth Advisors LLC lifted its position in CocaCola by 4.2% during the first quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock valued at $257,000 after buying an additional 146 shares during the period. Finally, Peachtree Investment Partners LLC lifted its position in CocaCola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

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

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Finally, UBS Group lifted their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $76.27.

CocaCola Price Performance

Shares of NYSE:KO traded up $0.08 during mid-day trading on Thursday, reaching $69.56. The stock had a trading volume of 7,616,392 shares, compared to its average volume of 16,259,547. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The company has a market cap of $299.40 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business's 50 day moving average price is $70.96 and its 200 day moving average price is $68.72.

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, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. Research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced 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 2.93%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is currently 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.