Mather Group LLC. Trims Stake in CocaCola Company (The) (NYSE:KO)

Mather Group LLC. trimmed its position in CocaCola Company (The) (NYSE:KO - Free Report) by 35.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,678 shares of the company's stock after selling 21,424 shares during the quarter. Mather Group LLC.'s holdings in CocaCola were worth $2,842,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after purchasing an additional 2,072 shares in the last quarter. Mission Wealth Management LP lifted its position in CocaCola by 0.6% during the fourth quarter. Mission Wealth Management LP now owns 37,379 shares of the company's stock valued at $2,327,000 after purchasing an additional 241 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in CocaCola by 4.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 431,565 shares of the company's stock worth $26,869,000 after buying an additional 18,877 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the firm'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 completion of the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The shares were 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 owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 in the last 90 days. Company insiders own 0.97% of the company's stock.

CocaCola Trading Up 0.4%

Shares of NYSE:KO traded up $0.28 during trading on Thursday, reaching $71.19. 9,440,457 shares of the company traded hands, compared to its average volume of 16,160,583. 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 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market capitalization of $306.42 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.72 and a beta of 0.45. The business's fifty day moving average is $71.12 and its 200-day moving average is $68.44.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.72 EPS. As a group, analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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 2.87%. CocaCola's payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, UBS Group raised their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $76.27.

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.