Choreo LLC Has $19.35 Million Stake in CocaCola Company (The) (NYSE:KO)

Choreo LLC decreased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,360 shares of the company's stock after selling 18,764 shares during the quarter. Choreo LLC's holdings in CocaCola were worth $19,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in CocaCola during the first quarter worth about $25,000. Garde Capital Inc. purchased a new stake in shares of CocaCola in the first quarter worth about $30,000. Crowley Wealth Management Inc. purchased a new stake in shares of CocaCola in the fourth quarter worth about $27,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares in the last quarter. Finally, Moser Wealth Advisors LLC lifted its holdings in shares of CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Down 1.3%

KO traded down $0.93 on Tuesday, hitting $69.14. The company had a trading volume of 8,074,088 shares, compared to its average volume of 16,396,917. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market capitalization of $297.61 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.66 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. The stock has a fifty day moving average price of $70.71 and a 200-day moving average price of $69.17.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Analysts predict 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 will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is presently 81.60%.

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the 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 trade represents a 49.12% decrease in their position. The transaction 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 dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KO has been the topic of several research reports. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group boosted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus price target of $77.13.

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.

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