Generali Investments CEE investicni spolecnost a.s. Sells 3,590 Shares of CocaCola Company (The) (NYSE:KO)

Generali Investments CEE investicni spolecnost a.s. lowered its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,610 shares of the company's stock after selling 3,590 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in CocaCola were worth $4,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sage Financial Management Group Inc. purchased a new stake in CocaCola in the first quarter worth about $216,000. Voleon Capital Management LP purchased a new stake in CocaCola in the fourth quarter worth about $2,513,000. Cornerstone Wealth Management LLC grew its holdings in CocaCola by 3.3% in the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after purchasing an additional 3,920 shares during the period. Clark Capital Management Group Inc. grew its holdings in CocaCola by 31.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after purchasing an additional 204,681 shares during the period. Finally, StoneX Group Inc. lifted its stake in shares of CocaCola by 80.0% in the fourth quarter. StoneX Group Inc. now owns 51,775 shares of the company's stock worth $3,224,000 after buying an additional 23,009 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. UBS Group increased their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Finally, 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 research note on Wednesday, April 30th. Two equities 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.27.

CocaCola Price Performance

KO traded up $0.28 during trading on Friday, hitting $71.19. 9,440,457 shares of the company traded hands, compared to its average volume of 16,178,355. The company has a market cap of $306.42 billion, a PE ratio of 28.48, a P/E/G ratio of 3.74 and a beta of 0.45. The stock's 50-day simple moving average is $71.08 and its two-hundred day simple moving average is $68.56. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS 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 last year, the company posted $0.72 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola's payout ratio is currently 81.60%.

Insiders Place Their Bets

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on 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 directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 in the last three months. Corporate insiders own 0.97% 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.