Kintegral Advisory LLC Sells 61,155 Shares of CocaCola Company (The) (NYSE:KO)

Kintegral Advisory LLC lessened its position in CocaCola Company (The) (NYSE:KO - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,691 shares of the company's stock after selling 61,155 shares during the period. CocaCola comprises 1.3% of Kintegral Advisory LLC's portfolio, making the stock its 11th largest holding. Kintegral Advisory LLC's holdings in CocaCola were worth $8,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new position in CocaCola during the 1st quarter valued at about $25,000. Garde Capital Inc. purchased a new stake in CocaCola in the first quarter worth approximately $30,000. Crowley Wealth Management Inc. bought a new position in shares of CocaCola during the 4th quarter valued at $27,000. Mizuho Securities Co. Ltd. boosted its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, Moser Wealth Advisors LLC grew its holdings in shares of CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Royal Bank Of Canada increased their price target on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, UBS Group upped their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $76.27.

Insider Buying and Selling

In other CocaCola news, CFO John Murphy sold 88,658 shares of the 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 owned 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.97% of the company's stock.

CocaCola Trading Up 0.4%

CocaCola stock opened at $71.19 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm's 50 day moving average price is $71.10 and its 200-day moving average price is $68.50. 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 stock has a market cap of $306.42 billion, a P/E ratio of 28.48, a PEG ratio of 3.72 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly 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. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola's dividend payout ratio is currently 81.60%.

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.

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