Integrated Investment Consultants LLC Sells 3,838 Shares of CocaCola Company (The) (NYSE:KO)

Key Points

• Integrated Investment Consultants LLC reduced its stake in Coca-Cola by 18.4% in Q1, selling 3,838 shares and leaving it with 17,026 shares valued at approximately $1.22 million.
• The company's latest earnings report showed $0.87 earnings per share, exceeding the consensus estimate by $0.04, and a net margin of 25.89%.
• Coca-Cola announced a quarterly dividend of $0.51 to be paid on October 1st, representing an annualized yield of 2.95%.

Integrated Investment Consultants LLC trimmed its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 18.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,026 shares of the company's stock after selling 3,838 shares during the quarter. Integrated Investment Consultants LLC's holdings in CocaCola were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sage Financial Management Group Inc. bought a new stake in shares of CocaCola during the 1st quarter worth $216,000. Voleon Capital Management LP bought a new stake in shares of CocaCola during the 4th quarter worth $2,513,000. Cornerstone Wealth Management LLC boosted its position in shares of 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 buying an additional 3,920 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of 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 buying an additional 204,681 shares during the period. Finally, StoneX Group Inc. boosted its position 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 during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of CocaCola stock traded up $1.18 on Tuesday, reaching $69.27. 5,556,443 shares of the company traded hands, compared to its average volume of 17,259,352. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a 50 day moving average of $70.56 and a 200 day moving average of $69.50. The firm has a market capitalization of $298.17 billion, a PE ratio of 24.54, a PEG ratio of 3.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the company posted $0.84 EPS. CocaCola's revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of several recent analyst reports. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. UBS Group reduced their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $77.21.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value 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. This trade represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Insiders own 0.90% of the company's stock.

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.