CocaCola Company (The) (NYSE:KO) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC decreased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,587 shares of the company's stock after selling 7,711 shares during the quarter. Chilton Capital Management LLC's holdings in CocaCola were worth $4,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in CocaCola during the first quarter worth approximately $30,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the 4th quarter valued at $27,000. Mizuho Securities Co. Ltd. grew its stake in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC grew its stake in shares of CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, Royal Bank Of Canada upped their price target on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, CocaCola currently has an average rating of "Buy" and a consensus target price of $76.27.

Insider Buying and Selling

In other news, CEO James Quincey sold 266,403 shares of CocaCola 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 directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $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. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last ninety days. 0.90% of the stock is owned by insiders.

CocaCola Stock Down 0.5%

Shares of CocaCola stock traded down $0.37 on Monday, hitting $70.98. 16,981,132 shares of the company's stock traded hands, compared to its average volume of 16,181,578. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The stock has a market cap of $305.52 billion, a P/E ratio of 28.39, a PEG ratio of 3.74 and a beta of 0.45. The firm's 50-day moving average is $71.08 and its 200 day moving average is $68.64.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company's revenue was down .7% on a year-over-year basis. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend 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.