Czech National Bank Has $63.69 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Czech National Bank lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 889,250 shares of the company's stock after purchasing an additional 48,131 shares during the quarter. Coca-Cola accounts for 0.6% of Czech National Bank's portfolio, making the stock its 25th largest position. Czech National Bank's holdings in Coca-Cola were worth $63,688,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola in the fourth quarter valued at $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. REAP Financial Group LLC raised its stake in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola in the fourth quarter valued at $38,000. Finally, Hoey Investments Inc. raised its stake in shares of Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after purchasing an additional 181 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KO shares. Royal Bank of Canada upped their price target on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Evercore ISI upped their price target on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. DZ Bank upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Thursday, February 13th. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola presently has an average rating of "Buy" and a consensus price target of $75.81.

Coca-Cola Stock Performance

KO traded down $0.13 during trading on Monday, hitting $71.98. The stock had a trading volume of 10,196,133 shares, compared to its average volume of 15,726,094. The company has a 50 day moving average price of $71.35 and a 200-day moving average price of $67.32. The firm has a market cap of $309.80 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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 business 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%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. As a group, research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The company 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 yield of 2.83%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction on Friday, March 7th. The stock was sold at an average price of $71.01, for a total value of $3,941,055.00. Following the completion of the transaction, the insider now directly owns 246,909 shares of the company's stock, valued at $17,533,008.09. The trade was a 18.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at $3,749,745.02. This represents a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 229,761 shares of company stock worth $16,474,587 in the last ninety days. 0.97% of the stock is owned by company insiders.

Coca-Cola Company 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.