DekaBank Deutsche Girozentrale Buys 53,634 Shares of CocaCola Company (The) (NYSE:KO)

DekaBank Deutsche Girozentrale raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,670,051 shares of the company's stock after acquiring an additional 53,634 shares during the period. CocaCola comprises about 1.1% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 13th largest position. DekaBank Deutsche Girozentrale owned 0.18% of CocaCola worth $541,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in KO. Personal CFO Solutions LLC grew its position in CocaCola by 8.6% during the 1st quarter. Personal CFO Solutions LLC now owns 21,854 shares of the company's stock worth $1,565,000 after acquiring an additional 1,733 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of CocaCola by 5.3% during the first quarter. Valeo Financial Advisors LLC now owns 122,180 shares of the company's stock worth $8,751,000 after purchasing an additional 6,143 shares during the last quarter. BXM Wealth LLC raised its holdings in shares of CocaCola by 4.3% in the first quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after buying an additional 144 shares during the last quarter. CapWealth Advisors LLC lifted its position in CocaCola by 1.5% during the 1st quarter. CapWealth Advisors LLC now owns 185,772 shares of the company's stock worth $13,305,000 after buying an additional 2,732 shares in the last quarter. Finally, 49 Wealth Management LLC grew its holdings in CocaCola by 19.0% during the 1st quarter. 49 Wealth Management LLC now owns 19,900 shares of the company's stock worth $1,425,000 after acquiring an additional 3,172 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction 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 transaction, the chief financial officer owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the business's 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 sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 in the last quarter. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KO shares. Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Royal Bank Of Canada lifted their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. 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. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $76.27.

CocaCola Stock Down 1.0%

KO stock traded down $0.71 during mid-day trading on Wednesday, hitting $69.53. 33,690,781 shares of the company were exchanged, compared to its average volume of 16,297,249. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm's 50 day simple moving average is $70.96 and its 200 day simple moving average is $68.72. The firm has a market cap of $299.28 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.68 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The company's 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, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, June 13th. CocaCola's payout ratio is 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.