CocaCola Company (The) (NYSE:KO) Holdings Decreased by First American Trust FSB

Key Points

• First American Trust FSB has reduced its stake in CocaCola Company by 13.6% during the first quarter, ending up with 41,143 shares valued at approximately $2.95 million.
• Several large investors have increased their positions in CocaCola, with 70.26% of the stock now owned by hedge funds and institutional investors.
• Analysts have a consensus rating of "Buy" on CocaCola, with a consensus price target of $77.21, reflecting a generally positive outlook for the company's stock performance.

First American Trust FSB decreased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 41,143 shares of the company's stock after selling 6,497 shares during the period. First American Trust FSB's holdings in CocaCola were worth $2,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at approximately $25,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC grew its position in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the business's stock in a transaction on Friday, May 30th. The shares were 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 approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Finally, UBS Group decreased their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.21.

CocaCola Stock Performance

CocaCola stock remained flat at $70.75 during mid-day trading on Tuesday. 11,060,613 shares of the company's stock were exchanged, compared to its average volume of 14,526,525. The company has a market capitalization of $304.48 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 3.68 and a beta of 0.44. The firm's fifty day moving average is $70.09 and its 200 day moving average is $70.02. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. 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 released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. On average, equities analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola's payout ratio is 72.34%.

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.