CocaCola Company (The) (NYSE:KO) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 60.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,335 shares of the company's stock after acquiring an additional 6,141 shares during the period. Penserra Capital Management LLC's holdings in CocaCola were worth $1,169,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KO. Brighton Jones LLC boosted its stake in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after buying an additional 2,072 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in CocaCola by 46.2% in the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after buying an additional 3,426 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its stake in CocaCola by 6.9% in the 4th quarter. Moran Wealth Management LLC now owns 41,850 shares of the company's stock worth $2,606,000 after buying an additional 2,684 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In related 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 transaction of $4,335,629.62. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the business'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 transaction, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group raised their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $76.27.

CocaCola Stock Performance

Shares of NYSE KO traded up $0.05 during trading on Thursday, reaching $69.53. The stock had a trading volume of 6,072,002 shares, compared to its average volume of 17,431,168. CocaCola Company has a one year low of $60.62 and a one year 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 cap of $299.25 billion, a PE ratio of 27.81, a P/E/G ratio of 3.68 and a beta of 0.45. The firm's 50 day moving average price is $70.96 and its two-hundred day moving average price is $68.72.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share 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 business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the business earned $0.72 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. On average, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued 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 2.93%. CocaCola's dividend payout ratio (DPR) is 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.