First PREMIER Bank Has $3.11 Million Position in CocaCola Company (The) (NYSE:KO)

First PREMIER Bank decreased its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,358 shares of the company's stock after selling 3,904 shares during the quarter. First PREMIER Bank's holdings in CocaCola were worth $3,106,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KO. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the 4th quarter valued at $27,000. Garde Capital Inc. bought a new position in CocaCola in the 1st quarter valued at $30,000. Mainstream Capital Management LLC bought a new position in CocaCola in the 4th quarter valued at $31,000. Mizuho Securities Co. Ltd. raised its position in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC raised its position in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Down 0.5%

NYSE KO traded down $0.37 on Friday, reaching $68.84. The company had a trading volume of 40,840,311 shares, compared to its average volume of 15,984,232. The stock's 50 day moving average is $71.50 and its 200-day moving average is $68.11. The stock has a market cap of $296.32 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.61 and a beta of 0.46. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released 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 business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.96%. CocaCola's dividend payout ratio is presently 81.60%.

Analysts Set New Price Targets

KO has been the subject of several research analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. 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 research report on Wednesday, April 30th. UBS Group lifted their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Two equities research 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, the stock presently has an average rating of "Buy" and an average price target of $76.00.

Insider Activity at CocaCola

In other CocaCola news, 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 value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated 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 now directly owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is owned by insiders.

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.