Teachers Retirement System of The State of Kentucky Acquires 12,403 Shares of CocaCola Company (The) (NYSE:KO)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,783 shares of the company's stock after purchasing an additional 12,403 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in CocaCola were worth $21,470,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the 1st quarter valued at about $25,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter valued at about $30,000. Crowley Wealth Management Inc. acquired a new position in CocaCola during the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC boosted its stake in CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Stock Performance

NYSE KO traded down $0.40 during mid-day trading on Tuesday, reaching $69.67. 22,324,728 shares of the stock were exchanged, compared to its average volume of 16,450,093. 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 business's 50 day moving average is $70.71 and its 200-day moving average is $69.17. The company has a market capitalization of $299.87 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.66 and a beta of 0.45. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is 81.60%.

Analyst Ratings Changes

KO has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. UBS Group upped their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $77.13.

Insider Activity at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on 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 directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president 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 disclosure for this sale can be found here. In the last quarter, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.90% of the stock is owned by 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.