The Coca-Cola Company (NYSE:KO) is Lmcg Investments LLC's 8th Largest Position

Lmcg Investments LLC decreased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,144 shares of the company's stock after selling 12,794 shares during the quarter. Coca-Cola comprises about 1.9% of Lmcg Investments LLC's investment portfolio, making the stock its 8th largest position. Lmcg Investments LLC's holdings in Coca-Cola were worth $29,016,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KO. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola in the 4th quarter worth about $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the fourth quarter worth about $31,000. REAP Financial Group LLC boosted its position in shares of Coca-Cola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $38,000. Finally, Hoey Investments Inc. grew its stake in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after buying an additional 181 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 266,403 shares of Coca-Cola 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 transaction, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nikolaos Koumettis sold 55,500 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the sale, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This trade represents a 18.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 496,164 shares of company stock valued at $35,671,587. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Down 0.7%

Shares of KO traded down $0.48 during midday trading on Thursday, reaching $70.89. The stock had a trading volume of 12,462,407 shares, compared to its average volume of 15,791,566. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company's fifty day simple moving average is $71.41 and its two-hundred day simple moving average is $67.45. The company has a market cap of $305.11 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

Coca-Cola (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. The company had revenue of $11.13 billion during 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%. Coca-Cola's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 2.88%. Coca-Cola's dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KO shares. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Thursday, February 13th. Cfra Research raised Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays restated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Two 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 data from MarketBeat, Coca-Cola has an average rating of "Buy" and a consensus target price of $75.81.

About Coca-Cola

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.