Mcdaniel Terry & Co. Sells 9,010 Shares of CocaCola Company (The) (NYSE:KO)

Mcdaniel Terry & Co. lessened its position in CocaCola Company (The) (NYSE:KO - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 447,785 shares of the company's stock after selling 9,010 shares during the period. CocaCola accounts for 2.8% of Mcdaniel Terry & Co.'s investment portfolio, making the stock its 14th biggest position. Mcdaniel Terry & Co.'s holdings in CocaCola were worth $32,070,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in shares of CocaCola in the 1st quarter worth about $30,000. Crowley Wealth Management Inc. purchased a new stake in shares of CocaCola in the 4th quarter worth about $27,000. Mizuho Securities Co. Ltd. lifted 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 worth $33,000 after purchasing an additional 360 shares during the period. Moser Wealth Advisors LLC lifted its position in shares of CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after purchasing an additional 409 shares during the period. Finally, Mainstream Capital Management LLC purchased a new stake in shares of CocaCola in the 4th quarter worth about $31,000. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 now directly owns 205,511 shares in the company, valued at $14,815,287.99. The trade was 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, EVP Beatriz R. Perez sold 60,326 shares of CocaCola 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 completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. Insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on KO. UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. 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 research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $76.27.

CocaCola Stock Up 1.4%

CocaCola stock traded up $0.95 during trading hours on Friday, hitting $70.42. The stock had a trading volume of 23,464,409 shares, compared to its average volume of 16,098,647. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $303.11 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock's 50-day moving average price is $71.25 and its 200-day moving average price is $68.32.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. 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%.

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.