Free Trial

Simmons Bank Sells 8,506 Shares of CocaCola Company (The) (NYSE:KO)

CocaCola logo with Consumer Staples background

Simmons Bank decreased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,494 shares of the company's stock after selling 8,506 shares during the quarter. Simmons Bank's holdings in CocaCola were worth $7,985,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC bought a new position in CocaCola during the first quarter worth $25,000. Crowley Wealth Management Inc. bought a new position in CocaCola during the fourth quarter worth $27,000. Garde Capital Inc. bought a new position in CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. increased its position in 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 during the period. Finally, REAP Financial Group LLC increased its position in 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 during the period. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

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

Get Our Latest Report on CocaCola

Insider Buying and Selling

In other CocaCola news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business'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 represents a 24.32% decrease in their ownership of the stock. 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. Corporate insiders own 0.90% of the company's stock.

CocaCola Price Performance

NYSE KO traded up $0.28 on Friday, hitting $71.19. 9,440,457 shares of the company were exchanged, compared to its average volume of 16,178,355. The firm 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 $306.42 billion, a P/E ratio of 28.48, a P/E/G 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 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently declared 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 of this dividend was Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.87%. CocaCola's dividend payout ratio (DPR) is 81.60%.

About CocaCola

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CocaCola (NYSE:KO)

Should You Invest $1,000 in CocaCola Right Now?

Before you consider CocaCola, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CocaCola wasn't on the list.

While CocaCola currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines