Tectonic Advisors LLC Acquires 7,508 Shares of CocaCola Company (The) (NYSE:KO)

Tectonic Advisors LLC increased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,610 shares of the company's stock after buying an additional 7,508 shares during the period. Tectonic Advisors LLC's holdings in CocaCola were worth $8,781,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KO. Norges Bank acquired a new position in CocaCola during the 4th quarter worth $3,402,151,000. Northern Trust Corp lifted its position in CocaCola by 9.5% in the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after purchasing an additional 3,811,756 shares during the last quarter. Franklin Resources Inc. lifted its position in CocaCola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after purchasing an additional 6,118,819 shares during the last quarter. Capital International Investors lifted its position in CocaCola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after purchasing an additional 12,222,885 shares during the last quarter. Finally, Invesco Ltd. lifted its position in CocaCola by 18.2% in the 4th quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock valued at $1,529,537,000 after purchasing an additional 3,791,300 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on KO shares. UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada lifted their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $76.71.

CocaCola Price Performance

Shares of NYSE:KO traded down $0.71 on Friday, hitting $69.88. The stock had a trading volume of 14,790,367 shares, compared to its average volume of 16,389,030. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. 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 firm's 50 day moving average price is $70.73 and its 200-day moving average price is $69.01. The company has a market capitalization of $300.78 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last issued 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 company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the business'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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. This represents 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. 0.97% of the stock is currently owned by insiders.

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.