Quilter Plc Acquires 41,526 Shares of CocaCola Company (The) (NYSE:KO)

Quilter Plc lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,508,117 shares of the company's stock after buying an additional 41,526 shares during the quarter. CocaCola makes up about 2.2% of Quilter Plc's portfolio, making the stock its 14th biggest position. Quilter Plc's holdings in CocaCola were worth $108,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in CocaCola during the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of CocaCola in the 1st quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new position in shares of CocaCola during the fourth quarter valued at approximately $31,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% during 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 during the period. Finally, REAP Financial Group LLC raised its stake in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Price Performance

Shares of NYSE KO opened at $69.51 on Friday. 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 $299.20 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.65 and a beta of 0.46. The firm's 50 day simple moving average is $71.31 and its 200-day simple moving average is $68.23. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. CocaCola's dividend payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KO. Royal Bank Of Canada raised their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler raised their target price on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $76.27.

Insider Buying and Selling

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the 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 now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The stock was 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 now directly owns 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by company insiders.

CocaCola 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.

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