The Coca-Cola Company (NYSE:KO) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,980,183 shares of the company's stock after selling 444,372 shares during the period. Toronto Dominion Bank's holdings in Coca-Cola were worth $123,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invst LLC raised its position in shares of Coca-Cola by 0.7% during the fourth quarter. Invst LLC now owns 33,096 shares of the company's stock valued at $2,061,000 after buying an additional 236 shares during the last quarter. Cache Advisors LLC bought a new stake in Coca-Cola in the fourth quarter worth $331,000. GF Fund Management CO. LTD. bought a new stake in Coca-Cola in the fourth quarter worth $8,768,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Coca-Cola in the fourth quarter worth $462,000. Finally, Vega Investment Solutions bought a new stake in Coca-Cola in the fourth quarter worth $60,000. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 284,469 shares of company stock valued at $20,356,667. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 0.1%

NYSE:KO traded down $0.04 during mid-day trading on Tuesday, reaching $71.73. The company's stock had a trading volume of 10,658,148 shares, compared to its average volume of 15,711,145. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a fifty day moving average of $71.14 and a 200-day moving average of $67.08. The firm has a market capitalization of $308.75 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share 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 analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. Coca-Cola's dividend payout ratio is presently 81.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KO shares. Morgan Stanley boosted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. DZ Bank upgraded shares of 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. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Evercore ISI lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $75.81.

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.