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

Flossbach Von Storch SE reduced its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in shares of CocaCola in the 1st quarter worth about $25,000. Crowley Wealth Management Inc. bought a new position in shares of CocaCola in the 4th quarter worth about $27,000. Garde Capital Inc. bought a new position in shares of CocaCola in the 1st quarter worth about $30,000. Mizuho Securities Co. Ltd. lifted its position in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC lifted its position in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Royal Bank Of Canada increased their price objective on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CocaCola currently has a consensus rating of "Buy" and an average price target of $76.27.

CocaCola Stock Up 0.1%

NYSE KO traded up $0.05 during trading on Thursday, reaching $69.53. The company's stock had a trading volume of 6,969,113 shares, compared to its average volume of 17,438,928. 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 stock has a market capitalization of $299.28 billion, a PE ratio of 27.81, a PEG ratio of 3.68 and a beta of 0.45. The business has a 50-day moving average price of $70.96 and a 200-day moving average price of $68.72. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping 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 business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the previous year, the company earned $0.72 earnings per share. CocaCola's revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were 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 was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is currently 81.60%.

Insider Buying and Selling

In related 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 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 is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were 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 directly owned 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by company insiders.

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.