Simon Quick Advisors LLC Purchases 5,544 Shares of The Coca-Cola Company (NYSE:KO)

Simon Quick Advisors LLC lifted its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 29.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,482 shares of the company's stock after buying an additional 5,544 shares during the period. Simon Quick Advisors LLC's holdings in Coca-Cola were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Tallon Kerry Patrick acquired a new stake in Coca-Cola during the 4th quarter valued at $241,000. Brighton Jones LLC boosted its position in Coca-Cola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after buying an additional 4,591 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Coca-Cola in the 4th quarter valued at $24,472,000. Revolve Wealth Partners LLC boosted its position in Coca-Cola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after buying an additional 293 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its position in Coca-Cola by 2.4% in the 4th quarter. Focus Financial Network Inc. now owns 28,038 shares of the company's stock valued at $1,746,000 after buying an additional 658 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 266,403 shares of Coca-Cola stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer now owns 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Up 0.2%

Coca-Cola stock traded up $0.17 during mid-day trading on Thursday, hitting $72.24. 12,747,632 shares of the company's stock were exchanged, compared to its average volume of 15,822,629. The firm has a market capitalization of $310.94 billion, a P/E ratio of 29.25, a PEG ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The company's 50 day simple moving average is $71.42 and its 200-day simple moving average is $67.74.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly 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. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is currently 81.60%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of Coca-Cola in a research report on Monday. Royal Bank of Canada increased their price objective on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $76.00.

Coca-Cola 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.