GAM Holding AG Increases Holdings in CocaCola Company (The) (NYSE:KO)

GAM Holding AG lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 50.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,392 shares of the company's stock after acquiring an additional 30,155 shares during the quarter. GAM Holding AG's holdings in CocaCola were worth $6,474,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Perfromance Wealth Partners LLC boosted its position in CocaCola by 49.1% during the first quarter. Perfromance Wealth Partners LLC now owns 5,424 shares of the company's stock worth $388,000 after purchasing an additional 1,785 shares in the last quarter. Cabot Wealth Management Inc. boosted its position in shares of CocaCola by 9.6% in the 1st quarter. Cabot Wealth Management Inc. now owns 4,105 shares of the company's stock worth $294,000 after buying an additional 359 shares in the last quarter. Castleview Partners LLC boosted its position in shares of CocaCola by 29.1% in the 1st quarter. Castleview Partners LLC now owns 8,293 shares of the company's stock worth $594,000 after buying an additional 1,868 shares in the last quarter. Mizuho Securities Co. Ltd. boosted 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 in the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of CocaCola by 1.4% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 133,487 shares of the company's stock worth $9,560,000 after buying an additional 1,797 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

KO has been the topic of several recent research reports. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. UBS Group upped their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada upped 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. Finally, JPMorgan Chase & Co. upped their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.00.

CocaCola Trading Down 0.5%

Shares of KO stock opened at $68.84 on Friday. The firm has a market cap of $296.32 billion, a P/E ratio of 27.54, a PEG ratio of 3.63 and a beta of 0.46. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The firm's 50-day simple moving average is $71.50 and its 200-day simple moving average is $68.03.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. As a group, equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm'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 transaction, the chief executive officer now directly owns 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 in the last three months. 0.97% of the stock is currently owned by company insiders.

CocaCola 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.

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