Flossbach Von Storch SE Has $71.13 Million Holdings in CocaCola Company (The) (NYSE:KO)

Flossbach Von Storch SE lowered its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 10.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 993,108 shares of the company's stock after selling 117,561 shares during the quarter. Flossbach Von Storch SE's holdings in CocaCola were worth $71,126,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the first quarter valued at $25,000. Crowley Wealth Management Inc. acquired a new position in CocaCola in the fourth quarter valued at $27,000. Garde Capital Inc. acquired a new position in CocaCola in the first quarter valued at $30,000. Mizuho Securities Co. Ltd. increased its stake 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 purchasing an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC increased its stake 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 purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

KO has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Barclays reiterated 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, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $76.27.

CocaCola Stock Performance

Shares of CocaCola stock traded down $0.71 during trading on Wednesday, reaching $69.53. The company's stock had a trading volume of 33,690,781 shares, compared to its average volume of 16,278,745. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The business's fifty day moving average price is $71.02 and its 200-day moving average price is $68.71. The firm has a market cap of $299.28 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 3.72 and a beta of 0.45. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. CocaCola's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's payout ratio is 81.60%.

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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer directly owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.90% of the company's stock.

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.