Investor s Fiduciary Advisor Network LLC Trims Stock Holdings in CocaCola Company (The) (NYSE:KO)

Investor s Fiduciary Advisor Network LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 55.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,069 shares of the company's stock after selling 6,271 shares during the period. Investor s Fiduciary Advisor Network LLC's holdings in CocaCola were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola in the 1st quarter valued at $25,000. Garde Capital Inc. bought a new position in CocaCola during the 1st quarter worth about $30,000. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the 4th quarter valued at 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 valued at $33,000 after purchasing an additional 360 shares in the last quarter. Finally, Moser Wealth Advisors LLC boosted its position in shares of CocaCola by 449.5% during 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 during the period. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred on 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 owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.90% of the company's stock.

CocaCola Price Performance

CocaCola stock traded down $0.37 during trading hours on Monday, reaching $70.98. 16,981,132 shares of the stock were exchanged, compared to its average volume of 16,181,578. The stock has a 50 day moving average of $71.08 and a two-hundred day moving average of $68.64. The company has a market cap of $305.52 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 3.74 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 Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. CocaCola's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities analysts expect 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 given a dividend of $0.51 per share. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. CocaCola's payout ratio is 81.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KO. Royal Bank Of Canada lifted their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $76.27.

About CocaCola

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.