Nisa Investment Advisors LLC Cuts Stock Holdings in CocaCola Company (The) (NYSE:KO)

Nisa Investment Advisors LLC cut its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,035,575 shares of the company's stock after selling 65,458 shares during the quarter. Nisa Investment Advisors LLC's holdings in CocaCola were worth $74,687,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at about $30,000. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Finally, Moser Wealth Advisors LLC boosted its stake in CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after buying an additional 409 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Up 0.1%

Shares of KO traded up $0.08 during mid-day trading on Thursday, reaching $69.56. 7,616,392 shares of the company were exchanged, compared to its average volume of 16,259,657. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 capitalization of $299.38 billion, a PE ratio of 27.82, a PEG ratio of 3.68 and a beta of 0.45. The business has a 50 day simple moving average of $70.96 and a two-hundred day simple moving average of $68.72.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. On average, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm'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 completion of the sale, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. UBS Group raised 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. JPMorgan Chase & Co. lifted their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. 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 equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $76.27.

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.