CocaCola Company (The) (NYSE:KO) Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. trimmed its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 29.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,876 shares of the company's stock after selling 4,550 shares during the period. Hendley & Co. Inc.'s holdings in CocaCola were worth $779,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KO. Deseret Mutual Benefit Administrators lifted its position in CocaCola by 0.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. MBA Advisors LLC lifted its position in shares of CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after buying an additional 143 shares in the last quarter. Navis Wealth Advisors LLC increased its holdings in CocaCola by 4.2% in the 1st quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock worth $257,000 after acquiring an additional 146 shares in the last quarter. Peachtree Investment Partners LLC raised its stake in CocaCola by 1.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after acquiring an additional 157 shares during the period. Finally, Braun Bostich & Associates Inc. boosted its position in shares of CocaCola by 3.8% in the first quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock worth $309,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm's 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 sale, the chief executive officer owned 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the 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 sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

KO has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.27.

CocaCola Stock Performance

KO traded down $0.37 on Monday, reaching $70.98. 16,981,132 shares of the stock were exchanged, compared to its average volume of 16,181,578. The company's 50-day moving average price is $71.08 and its 200 day moving average price is $68.64. 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 has a market capitalization of $305.52 billion, a PE ratio of 28.39, a PEG ratio of 3.74 and a beta of 0.45. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (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 during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.87%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

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.