Lbp Am Sa Sells 3,711 Shares of CocaCola Company (The) (NYSE:KO)

LBP AM SA lowered its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,963 shares of the company's stock after selling 3,711 shares during the period. LBP AM SA's holdings in CocaCola were worth $7,804,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at about $25,000. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the fourth quarter valued at about $27,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares in the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 0.5%

KO stock traded up $0.32 during mid-day trading on Thursday, reaching $69.80. The company's stock had a trading volume of 14,593,645 shares, compared to its average volume of 16,304,017. The company has a market cap of $300.46 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. The business's 50 day moving average price is $70.96 and its 200 day moving average price is $68.72. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently announced 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 2.92%. CocaCola's payout ratio is 81.60%.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred 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 transaction, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Quincey sold 266,403 shares of the business's stock in a transaction on Friday, May 30th. The stock was 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 directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% 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 over the last 90 days. Insiders own 0.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KO. Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group upped their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two research 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. According to MarketBeat, CocaCola currently has an average 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.