Compagnie Lombard Odier SCmA Sells 66,377 Shares of The Coca-Cola Company (NYSE:KO)

Compagnie Lombard Odier SCmA lessened its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,454,878 shares of the company's stock after selling 66,377 shares during the period. Coca-Cola comprises 1.3% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 20th biggest holding. Compagnie Lombard Odier SCmA's holdings in Coca-Cola were worth $104,198,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $31,000. REAP Financial Group LLC increased its holdings in shares of Coca-Cola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $38,000. Finally, Hoey Investments Inc. increased its holdings in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after buying an additional 181 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Royal Bank of Canada raised their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of Coca-Cola in a report on Monday, June 9th. Finally, UBS Group raised their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Coca-Cola currently has a consensus rating of "Buy" and an average price target of $76.00.

Insiders Place Their Bets

In other Coca-Cola news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% 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 quarter. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

KO traded down $1.30 on Friday, reaching $70.94. The company had a trading volume of 17,424,785 shares, compared to its average volume of 15,884,646. The stock has a market cap of $305.36 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.79 and a beta of 0.46. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company's fifty day moving average is $71.56 and its 200 day moving average is $67.87.

Coca-Cola (NYSE:KO - Get Free Report) last released 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 firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. Coca-Cola's payout ratio is presently 81.60%.

Coca-Cola 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.