Cutter & CO Brokerage Inc. Sells 4,915 Shares of CocaCola Company (The) (NYSE:KO)

Cutter & CO Brokerage Inc. lowered its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 56.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,776 shares of the company's stock after selling 4,915 shares during the period. Cutter & CO Brokerage Inc.'s holdings in CocaCola were worth $270,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the first quarter valued at approximately $25,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter worth approximately $30,000. Crowley Wealth Management Inc. acquired a new position in CocaCola during the 4th quarter worth approximately $27,000. Mizuho Securities Co. Ltd. increased its position in CocaCola by 360.0% during 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 in the last quarter. Finally, Moser Wealth Advisors LLC increased its position in CocaCola by 449.5% during 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 in the last quarter. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. UBS Group upped their price target on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective 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. Finally, Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of "Buy" and an average price target of $76.71.

CocaCola Stock Up 2.0%

NYSE:KO traded up $1.36 during trading hours on Thursday, hitting $70.63. 20,444,355 shares of the company traded hands, compared to its average volume of 16,379,686. 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 firm's 50-day simple moving average is $70.74 and its 200-day simple moving average is $68.96. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a market cap of $303.99 billion, a PE ratio of 28.25, a PEG ratio of 3.64 and a beta of 0.45.

CocaCola (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 analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the firm earned $0.72 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.89%. CocaCola's dividend payout ratio is 81.60%.

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.