Unigestion Holding SA Has $43.64 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Unigestion Holding SA increased its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 609,373 shares of the company's stock after purchasing an additional 17,529 shares during the period. Coca-Cola accounts for approximately 2.6% of Unigestion Holding SA's investment portfolio, making the stock its 8th biggest position. Unigestion Holding SA's holdings in Coca-Cola were worth $43,643,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the sale, the insider now owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 496,164 shares of company stock worth $35,671,587 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KO has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. UBS Group boosted their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Evercore ISI boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $75.81.

Coca-Cola Trading Up 0.3%

Shares of NYSE:KO traded up $0.23 during midday trading on Wednesday, hitting $71.39. The company had a trading volume of 13,559,872 shares, compared to its average volume of 15,760,505. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The firm has a fifty day simple moving average of $71.39 and a 200 day simple moving average of $67.42. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market cap of $307.28 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.47.

Coca-Cola (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 analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates 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 was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. On average, analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.86%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

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.