CocaCola Company (The) (NYSE:KO) Stock Holdings Lifted by Banque Pictet & Cie SA

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

A number of other hedge funds also recently made changes to their positions in KO. Sage Financial Management Group Inc. bought a new position in shares of CocaCola in the first quarter worth $216,000. Voleon Capital Management LP acquired a new stake in CocaCola in the fourth quarter worth about $2,513,000. Cornerstone Wealth Management LLC grew its position in CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after buying an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in CocaCola by 31.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock valued at $52,851,000 after buying an additional 204,681 shares during the period. Finally, StoneX Group Inc. raised its position in shares of CocaCola by 80.0% during the 4th quarter. StoneX Group Inc. now owns 51,775 shares of the company's stock worth $3,224,000 after buying an additional 23,009 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. UBS Group increased their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $76.71.

CocaCola Trading Up 0.2%

NYSE KO traded up $0.12 on Friday, hitting $69.89. 12,910,766 shares of the company were exchanged, compared to its average volume of 16,290,505. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market capitalization of $300.83 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company's 50 day moving average price is $70.93 and its 200-day moving average price is $68.77.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The business 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%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.92%. CocaCola's payout ratio is currently 81.60%.

Insider Transactions at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the company'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 owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Murphy sold 88,658 shares of the 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 directly owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 over the last quarter. Company insiders own 0.97% of the company's stock.

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.