GF Fund Management CO. LTD. Has $259,000 Stock Holdings in CocaCola Company (The) (NYSE:KO)

GF Fund Management CO. LTD. lowered its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 97.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,617 shares of the company's stock after selling 137,218 shares during the quarter. GF Fund Management CO. LTD.'s holdings in CocaCola were worth $259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of CocaCola by 12.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. Assetmark Inc. increased its position in shares of CocaCola by 40.2% during the fourth quarter. Assetmark Inc. now owns 152,901 shares of the company's stock worth $9,520,000 after acquiring an additional 43,836 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of CocaCola by 46.2% during the fourth quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after acquiring an additional 3,426 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 0.4%

Shares of NYSE:KO traded up $0.28 during trading on Friday, reaching $71.19. The stock had a trading volume of 9,440,457 shares, compared to its average volume of 16,178,355. The firm's fifty day moving average is $71.08 and its 200 day moving average is $68.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market cap of $306.42 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.74 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 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 for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that CocaCola Company will post 2.96 EPS 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. The ex-dividend date 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 presently 81.60%.

Insider Activity at CocaCola

In related news, 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 transaction, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last quarter. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada raised their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.27.

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.