J. Safra Sarasin Holding AG Purchases 28,283 Shares of CocaCola Company (The) (NYSE:KO)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Coca-Cola by 28.2% in Q1, owning 128,669 shares valued at approximately $9.2 million.
• The company recently reported earnings of $0.87 per share for the last quarter, surpassing analysts' expectations of $0.83, with revenue of $12.50 billion.
• Coca-Cola announced a quarterly dividend of $0.51 per share, representing an annualized yield of 3.0%, with a dividend payout ratio of 72.34%.

J. Safra Sarasin Holding AG boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 28.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 128,669 shares of the company's stock after acquiring an additional 28,283 shares during the period. J. Safra Sarasin Holding AG's holdings in CocaCola were worth $9,215,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Capital International Investors raised its stake in shares of CocaCola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. GAMMA Investing LLC grew its position in CocaCola by 8,419.4% in the 1st quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock worth $426,927,000 after purchasing an additional 5,891,034 shares during the last quarter. Capital Research Global Investors grew its position in CocaCola by 119.0% in the 4th quarter. Capital Research Global Investors now owns 9,458,248 shares of the company's stock worth $588,871,000 after purchasing an additional 5,139,352 shares during the last quarter. Northern Trust Corp grew its position in CocaCola by 9.5% in the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after purchasing an additional 3,811,756 shares during the last quarter. Finally, Invesco Ltd. grew its position in CocaCola by 18.2% in the 4th 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 last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In related news, 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 transaction of $4,335,629.62. Following the completion of the sale, the executive vice president owned 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 275,946 shares of the company's stock, 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. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

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

CocaCola Stock Up 0.1%

CocaCola stock traded up $0.09 during trading hours on Monday, hitting $68.95. The company had a trading volume of 10,691,012 shares, compared to its average volume of 16,521,952. The firm has a market capitalization of $296.74 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm's fifty day moving average is $70.33 and its 200-day moving average is $69.69. 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, July 22nd. The company reported $0.87 earnings per share (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 business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same period last year, the business posted $0.84 EPS. CocaCola's revenue was up 2.5% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

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.