Flossbach Von Storch SE Decreases Stock Position in CocaCola Company (The) (NYSE:KO)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in CocaCola in the 4th quarter valued at about $3,402,151,000. Capital International Investors boosted its holdings in CocaCola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. Franklin Resources Inc. boosted its holdings in CocaCola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after purchasing an additional 6,118,819 shares in the last quarter. GAMMA Investing LLC boosted its holdings in CocaCola by 8,419.4% in the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after purchasing an additional 5,891,034 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in CocaCola by 119.0% in the 4th quarter. Capital Research Global Investors now owns 9,458,248 shares of the company's stock valued at $588,871,000 after purchasing an additional 5,139,352 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.2%

KO traded up $0.12 during midday trading on Friday, hitting $69.89. The company's stock had a trading volume of 12,910,714 shares, compared to its average volume of 16,290,499. 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 firm has a market cap of $300.83 billion, a P/E ratio of 27.96, a PEG ratio of 3.64 and a beta of 0.45. The firm has a 50-day moving average price of $70.93 and a two-hundred day moving average price of $68.77. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The company 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 firm's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is 81.60%.

Insider Buying and Selling at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 in the last 90 days. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KO shares. UBS Group lifted their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Royal Bank Of Canada boosted 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. Barclays reissued an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. JPMorgan Chase & Co. boosted their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $76.71.

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.