Liberty One Investment Management LLC Has $33.27 Million Stock Position in CocaCola Company (The) (NYSE:KO)

Liberty One Investment Management LLC boosted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 464,526 shares of the company's stock after buying an additional 6,659 shares during the period. CocaCola makes up about 3.4% of Liberty One Investment Management LLC's holdings, making the stock its 5th largest holding. Liberty One Investment Management LLC's holdings in CocaCola were worth $33,269,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in CocaCola during the fourth quarter valued at $3,402,151,000. Northern Trust Corp boosted its stake in CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after buying an additional 3,811,756 shares during the period. Franklin Resources Inc. boosted its stake in CocaCola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares during the period. Capital International Investors boosted its stake in CocaCola by 96.0% during the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after buying an additional 12,222,885 shares during the period. Finally, Invesco Ltd. raised its position in CocaCola by 18.2% during the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock valued at $1,529,537,000 after purchasing an additional 3,791,300 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Transactions at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was 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, CFO John Murphy sold 88,658 shares of the business's 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 completion of the transaction, the chief financial officer owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. 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. 0.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. Royal Bank Of Canada raised their price target on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. UBS Group raised their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $76.27.

CocaCola Stock Performance

CocaCola stock opened at $70.98 on Tuesday. The stock's 50 day simple moving average is $71.06 and its two-hundred day simple moving average is $68.70. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The stock has a market cap of $305.52 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.74 and a beta of 0.45. 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 issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the previous year, the firm posted $0.72 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.51 dividend. 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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