Achmea Investment Management B.V. Sells 61,669 Shares of CocaCola Company (The) (NYSE:KO)

Achmea Investment Management B.V. lowered its position in CocaCola Company (The) (NYSE:KO - Free Report) by 28.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,776 shares of the company's stock after selling 61,669 shares during the period. Achmea Investment Management B.V.'s holdings in CocaCola were worth $10,870,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KO. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola in the 4th quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the 1st quarter valued at $30,000. Mainstream Capital Management LLC bought a new stake in shares of CocaCola in the 4th quarter valued at $31,000. Mizuho Securities Co. Ltd. increased its position in shares of CocaCola by 360.0% in 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 in the last quarter. Finally, REAP Financial Group LLC increased its position in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Stock Up 1.4%

Shares of CocaCola stock traded up $0.95 during trading hours on Friday, reaching $70.42. 23,464,409 shares of the company's stock were exchanged, compared to its average volume of 16,098,647. The company has a 50 day moving average of $71.25 and a two-hundred day moving average of $68.32. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The stock has a market cap of $303.11 billion, a P/E ratio of 28.17, a P/E/G ratio of 3.69 and a beta of 0.46.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 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 analysts' expectations of $11.23 billion. During the same quarter last year, the company posted $0.72 earnings per share. CocaCola's quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.90%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Transactions at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now owns 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 over the last quarter. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank Of Canada upped their price objective 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. Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CocaCola has a consensus rating of "Buy" and an average price target of $76.27.

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.