CocaCola Company (The) (NYSE:KO) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 819,298 shares of the company's stock after acquiring an additional 60,294 shares during the quarter. CocaCola comprises 0.6% of IFM Investors Pty Ltd's investment portfolio, making the stock its 25th biggest position. IFM Investors Pty Ltd's holdings in CocaCola were worth $58,875,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of CocaCola during the 4th quarter worth $3,402,151,000. Northern Trust Corp grew its holdings in shares of CocaCola by 9.5% in the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after purchasing an additional 3,811,756 shares during the period. Franklin Resources Inc. increased its position in CocaCola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after purchasing an additional 6,118,819 shares during the last quarter. Capital International Investors increased its position in CocaCola by 96.0% during the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after purchasing an additional 12,222,885 shares during the last quarter. Finally, Invesco Ltd. raised its stake in CocaCola by 18.2% during the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after purchasing an additional 3,791,300 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 0.4%

Shares of KO stock traded up $0.28 on Friday, hitting $71.19. The stock had a trading volume of 9,440,457 shares, compared to its average volume of 16,160,583. The company's 50 day moving average price is $71.10 and its 200-day moving average price is $68.50. 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 has a market capitalization of $306.42 billion, a P/E 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 released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Insider Buying and Selling

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was 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 owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This trade 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 valued at $29,923,985 in the last ninety days. Company insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KO shares. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Barclays reiterated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their price objective on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Royal Bank Of Canada lifted their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two investment 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $76.27.

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.