CocaCola Company (The) (NYSE:KO) Shares Sold by HS Management Partners LLC

HS Management Partners LLC cut its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,192,015 shares of the company's stock after selling 20,350 shares during the quarter. CocaCola comprises about 6.9% of HS Management Partners LLC's holdings, making the stock its largest position. HS Management Partners LLC's holdings in CocaCola were worth $85,372,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the first quarter worth about $25,000. Crowley Wealth Management Inc. purchased a new position in CocaCola during the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. grew 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 period. Finally, REAP Financial Group LLC grew 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 period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KO. Royal Bank Of Canada boosted their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. UBS Group upped their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, 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. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.71.

CocaCola Price Performance

KO stock traded down $0.71 during trading on Friday, reaching $69.88. The company's stock had a trading volume of 14,904,122 shares, compared to its average volume of 16,421,020. CocaCola Company has a 1 year low of $60.62 and a 1 year 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 company has a market capitalization of $300.78 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45. The company's fifty day moving average is $70.71 and its 200-day moving average is $69.07.

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

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Buying and Selling at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated 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. This trade represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated 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. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 in the last 90 days. Insiders own 0.97% of the company's stock.

CocaCola Company 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.