CocaCola Company (The) (NYSE:KO) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,309,921 shares of the company's stock after selling 711,274 shares during the period. CocaCola makes up about 4.0% of Vontobel Holding Ltd.'s holdings, making the stock its 3rd largest holding. Vontobel Holding Ltd. owned about 0.36% of CocaCola worth $1,096,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola during the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in CocaCola in the 1st quarter valued at approximately $30,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the fourth quarter worth $27,000. Mizuho Securities Co. Ltd. increased its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC raised its stake in shares of CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after acquiring an additional 409 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.27.

CocaCola Stock Performance

NYSE:KO traded up $0.28 during mid-day trading on Friday, reaching $71.19. 9,440,457 shares of the stock were exchanged, compared to its average volume of 16,160,583. The stock has a market capitalization of $306.42 billion, a P/E ratio of 28.48, a P/E/G ratio of 3.74 and a beta of 0.45. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a 50 day simple moving average of $71.08 and a 200-day simple moving average of $68.56. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last announced its 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 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Buying and Selling at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated 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 directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by company insiders.

CocaCola 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.