Guerra Advisors Inc Reduces Holdings in CocaCola Company (The) (NYSE:KO)

Guerra Advisors Inc decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 27.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,766 shares of the company's stock after selling 6,470 shares during the period. Guerra Advisors Inc's holdings in CocaCola were worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KO. Brighton Jones LLC raised its holdings in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in CocaCola by 3.4% during 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 in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in 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 purchasing an additional 2,072 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in CocaCola during the fourth quarter worth about $97,000. Finally, Proficio Capital Partners LLC raised its holdings in CocaCola by 9,001.5% during the fourth quarter. Proficio Capital Partners LLC now owns 675,057 shares of the company's stock worth $42,029,000 after purchasing an additional 667,640 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction on Friday, May 30th. The shares were 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 owns 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Murphy sold 88,658 shares of the firm'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 completion of the transaction, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. 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 quarter. 0.97% of the stock is owned by insiders.

CocaCola Trading Up 1.4%

Shares of KO traded up $0.95 during mid-day trading on Friday, reaching $70.42. The company had a trading volume of 23,464,409 shares, compared to its average volume of 16,098,647. The stock has a market cap of $303.11 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The firm has a fifty day simple moving average of $71.25 and a 200-day simple moving average of $68.32. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week 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 announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The company 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%. CocaCola's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Analysts Set New Price Targets

Several research analysts recently issued reports on KO shares. 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 report on Wednesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Royal Bank Of Canada increased their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock 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.