CocaCola Company (The) (NYSE:KO) Shares Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA boosted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,442 shares of the company's stock after acquiring 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.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of CocaCola by 13.3% during 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after purchasing an additional 2,072 shares during the period. Proficio Capital Partners LLC boosted its stake in CocaCola by 46.2% in the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after purchasing an additional 3,426 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of CocaCola by 6.9% during the fourth quarter. Moran Wealth Management LLC now owns 41,850 shares of the company's stock valued at $2,606,000 after purchasing an additional 2,684 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KO shares. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group raised 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. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Finally, Royal Bank Of Canada raised their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.27.

CocaCola Price Performance

KO traded up $0.32 on Thursday, hitting $69.80. 14,593,645 shares of the company were exchanged, compared to its average volume of 16,304,017. 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 business's fifty day moving average is $70.93 and its 200 day moving average is $68.77. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a market capitalization of $300.46 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results 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 return on equity of 45.49% and a net margin of 23.00%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. CocaCola's payout ratio is 81.60%.

Insider Activity at CocaCola

In other CocaCola news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated 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 directly owned 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated 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 sale, the chief executive officer owned 275,946 shares of the company's stock, 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. Over the last three months, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by company insiders.

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.