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

Penserra Capital Management LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 60.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,335 shares of the company's stock after purchasing an additional 6,141 shares during the quarter. Penserra Capital Management LLC's holdings in CocaCola were worth $1,169,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Crew Capital Management Ltd. increased its holdings in shares of CocaCola by 4.4% in the first quarter. Crew Capital Management Ltd. now owns 6,563 shares of the company's stock valued at $470,000 after purchasing an additional 279 shares during the period. Traveka Wealth LLC lifted its holdings in shares of CocaCola by 2.1% in the 1st quarter. Traveka Wealth LLC now owns 58,276 shares of the company's stock valued at $4,174,000 after buying an additional 1,171 shares during the period. Rice Partnership LLC raised its position in CocaCola by 4.0% during the first quarter. Rice Partnership LLC now owns 106,861 shares of the company's stock valued at $7,653,000 after acquiring an additional 4,115 shares in the last quarter. Tradewinds LLC. boosted its position in CocaCola by 30.7% in the 1st quarter. Tradewinds LLC. now owns 16,679 shares of the company's stock worth $1,195,000 after purchasing an additional 3,914 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its holdings in shares of CocaCola by 4.2% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 17,296 shares of the company's stock valued at $1,239,000 after purchasing an additional 704 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of several recent analyst reports. UBS Group lifted their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada increased their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cfra Research raised shares of 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 report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, CocaCola has an average rating of "Buy" and a consensus target price of $76.71.

Insider Activity at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction 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 in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 415,387 shares of company stock worth $29,923,985. Company insiders own 0.97% of the company's stock.

CocaCola Trading Up 0.2%

Shares of KO stock traded up $0.12 during trading hours on Friday, hitting $69.89. The company had a trading volume of 12,910,766 shares, compared to its average volume of 16,309,945. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The stock has a market capitalization of $300.83 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45. The company's fifty day moving average is $70.90 and its 200 day moving average is $68.82. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. Research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. CocaCola's dividend payout ratio (DPR) is presently 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.