CocaCola Company (The) (NYSE:KO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.9% in the first quarter, according to its most recent filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in CocaCola during the 4th quarter valued at $3,402,151,000. Northern Trust Corp raised its holdings in CocaCola by 9.5% during the 4th 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. raised 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 valued at $2,123,301,000 after buying an additional 6,118,819 shares during the period. Capital International Investors increased its stake in CocaCola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after purchasing an additional 12,222,885 shares during the period. Finally, Invesco Ltd. lifted its position in shares of CocaCola by 18.2% during the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after purchasing an additional 3,791,300 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 0.5%

KO traded up $0.32 on Thursday, hitting $69.80. The company had a trading volume of 14,593,645 shares, compared to its average volume of 16,304,017. The stock has a fifty day moving average price of $70.93 and a 200-day moving average price of $68.77. CocaCola Company has a 12-month low of $60.62 and a 12-month 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 $300.46 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.64 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 (EPS) for the quarter, beating 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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.92%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. 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. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Royal Bank Of Canada lifted their target price on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, UBS Group lifted their target price on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. 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 stock presently has an average rating of "Buy" and a consensus price target of $76.27.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated 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 transaction, the executive vice president owned 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated 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 owned 275,946 shares in the company, 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. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last quarter. Insiders own 0.97% of the company's stock.

About CocaCola

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.