Nichols & Pratt Advisers LLP MA Sells 17,975 Shares of CocaCola Company (The) (NYSE:KO)

Nichols & Pratt Advisers LLP MA decreased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 442,722 shares of the company's stock after selling 17,975 shares during the quarter. CocaCola accounts for approximately 2.2% of Nichols & Pratt Advisers LLP MA's holdings, making the stock its 18th biggest holding. Nichols & Pratt Advisers LLP MA's holdings in CocaCola were worth $31,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CocaCola in the fourth quarter worth $3,402,151,000. Capital International Investors raised its holdings in shares of CocaCola by 96.0% in 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 last quarter. Raymond James Financial Inc. acquired a new position in CocaCola during the 4th quarter worth about $500,192,000. Franklin Resources Inc. grew its holdings in CocaCola by 21.9% during the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after acquiring an additional 6,118,819 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of CocaCola by 8,419.4% in the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after purchasing an additional 5,891,034 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Trading Up 0.4%

Shares of KO stock traded up $0.28 on Friday, hitting $71.19. The stock had a trading volume of 9,440,457 shares, compared to its average volume of 16,160,583. 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 twelve month low of $60.62 and a twelve month high of $74.38. The company has a fifty day moving average price of $71.10 and a two-hundred day moving average price of $68.50. The firm has a market cap of $306.42 billion, a P/E ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $11.23 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed 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. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Royal Bank Of Canada lifted their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Two investment 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. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $76.27.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of the company's stock in a transaction on Friday, May 30th. The shares were 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 of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% 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 worth $29,923,985 over the last ninety days. Company insiders own 0.97% 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.