Diversified Trust Co Has $41.61 Million Stock Holdings in CocaCola Company (The) (NYSE:KO)

Diversified Trust Co grew its position in CocaCola Company (The) (NYSE:KO - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 580,977 shares of the company's stock after buying an additional 31,863 shares during the period. CocaCola accounts for approximately 1.0% of Diversified Trust Co's investment portfolio, making the stock its 18th largest holding. Diversified Trust Co's holdings in CocaCola were worth $41,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hidden Cove Wealth Management LLC grew its holdings in CocaCola by 11.1% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 5,998 shares of the company's stock worth $430,000 after acquiring an additional 599 shares during the period. Boyd Wealth Management LLC acquired a new position in CocaCola in the first quarter valued at about $201,000. Tanager Wealth Management LLP boosted its holdings in CocaCola by 8.2% during the first quarter. Tanager Wealth Management LLP now owns 4,669 shares of the company's stock worth $337,000 after buying an additional 354 shares during the last quarter. Falcon Wealth Planning acquired a new position in shares of CocaCola during the 1st quarter worth about $293,000. Finally, First Merchants Corp grew its position in shares of CocaCola by 2.6% during the 1st quarter. First Merchants Corp now owns 36,072 shares of the company's stock worth $2,583,000 after buying an additional 922 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KO has been the topic of a number of analyst reports. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report 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 report on Monday, April 21st. Royal Bank Of Canada lifted their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group increased their price objective 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. Finally, Barclays reissued an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Two research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $76.27.

Insiders Place Their Bets

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction 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 trade represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction 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 transaction, the chief financial officer now directly owns 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 disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock valued at $29,923,985 over the last 90 days. 0.97% of the stock is currently owned by insiders.

CocaCola Price Performance

Shares of KO opened at $69.51 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The company's fifty day simple moving average is $71.31 and its 200 day simple moving average is $68.23. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a market cap of $299.20 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.65 and a beta of 0.46.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion during 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 company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. On average, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

CocaCola Company 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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.