Blackhawk Capital Partners LLC. Cuts Position in CocaCola Company (The) (NYSE:KO)

Blackhawk Capital Partners LLC. reduced its position in CocaCola Company (The) (NYSE:KO - Free Report) by 30.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,771 shares of the company's stock after selling 7,735 shares during the period. Blackhawk Capital Partners LLC.'s holdings in CocaCola were worth $1,273,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the first quarter worth $30,000. Crowley Wealth Management Inc. acquired a new position in CocaCola in the fourth quarter valued at $27,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC raised its holdings in shares of CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction on 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. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada increased their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, UBS Group boosted their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, CocaCola currently has an average rating of "Buy" and a consensus price target of $76.27.

CocaCola Stock Performance

Shares of NYSE:KO traded down $0.71 during midday trading on Wednesday, reaching $69.53. 33,690,781 shares of the company's stock traded hands, compared to its average volume of 16,297,249. The company has a market cap of $299.28 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 3.68 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a 50 day moving average of $71.02 and a 200 day moving average of $68.71.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS 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 company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. CocaCola's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

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.