CocaCola Company (The) (NYSE:KO) Shares Bought by Tradewinds LLC.

Tradewinds LLC. lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 30.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,679 shares of the company's stock after buying an additional 3,914 shares during the quarter. Tradewinds LLC.'s holdings in CocaCola were worth $1,195,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its holdings in shares of CocaCola by 4.2% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 17,296 shares of the company's stock valued at $1,239,000 after purchasing an additional 704 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in CocaCola by 33.1% during the first quarter. Concurrent Investment Advisors LLC now owns 206,981 shares of the company's stock valued at $14,824,000 after purchasing an additional 51,485 shares during the last quarter. Braun Stacey Associates Inc. grew its stake in shares of CocaCola by 1.9% in the 1st quarter. Braun Stacey Associates Inc. now owns 314,502 shares of the company's stock worth $22,525,000 after buying an additional 6,002 shares in the last quarter. HM Payson & Co. increased its holdings in shares of CocaCola by 1.5% in the 1st quarter. HM Payson & Co. now owns 96,682 shares of the company's stock worth $6,924,000 after buying an additional 1,458 shares during the last quarter. Finally, Elite Financial Inc. purchased a new stake in shares of CocaCola during the 1st quarter valued at about $104,000. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KO. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. UBS Group upped their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada upped their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $76.27.

Insider Activity

In other news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.90% of the company's stock.

CocaCola Trading Down 0.5%

Shares of NYSE:KO traded down $0.37 during trading on Monday, reaching $70.98. 16,981,132 shares of the company were exchanged, compared to its average volume of 16,181,578. The firm has a market capitalization of $305.52 billion, a PE ratio of 28.39, a P/E/G ratio of 3.74 and a beta of 0.45. The business's fifty day simple moving average is $71.08 and its 200-day simple moving average is $68.64. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

CocaCola (NYSE:KO - Get Free Report) last issued its 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 business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola's dividend payout ratio is presently 81.60%.

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.