Blackhawk Capital Partners LLC. Sells 7,735 Shares of CocaCola Company (The) (NYSE:KO)

Blackhawk Capital Partners LLC. decreased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,771 shares of the company's stock after selling 7,735 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in CocaCola were worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola during the 4th quarter worth approximately $27,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 88,658 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer directly owned 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 266,403 shares of the 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 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 currently owned by insiders.

CocaCola Price Performance

Shares of KO stock traded up $0.32 on Thursday, hitting $69.80. 14,215,866 shares of the company's stock were exchanged, compared to its average volume of 16,286,454. 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 12 month low of $60.62 and a 12 month high of $74.38. The stock has a market cap of $300.46 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. The company has a 50 day moving average of $70.96 and a 200 day moving average of $68.72.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 return on equity of 45.49% and a net margin of 23.00%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KO shares. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada upped their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group upped their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price 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.