Aurdan Capital Management LLC Sells 25,650 Shares of CocaCola Company (The) (NYSE:KO)

Aurdan Capital Management LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,678 shares of the company's stock after selling 25,650 shares during the period. CocaCola accounts for approximately 1.2% of Aurdan Capital Management LLC's portfolio, making the stock its 21st largest holding. Aurdan Capital Management LLC's holdings in CocaCola were worth $3,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the first quarter worth $25,000. Crowley Wealth Management Inc. purchased a new stake in shares of CocaCola during the fourth quarter worth $27,000. Garde Capital Inc. purchased a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. lifted its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in shares of CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Trading Up 0.4%

Shares of NYSE:KO traded up $0.25 on Friday, reaching $70.02. 6,624,029 shares of the company traded hands, compared to its average volume of 16,266,126. The business's 50-day simple moving average is $70.93 and its 200 day simple moving average is $68.77. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market capitalization of $301.36 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same period last year, the firm earned $0.72 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CocaCola's payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Royal Bank Of Canada increased their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, UBS Group increased their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two 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 company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $76.71.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm'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 trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% 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 valued at $29,923,985 over the last ninety days. 0.97% of the stock is owned by insiders.

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.