The Coca-Cola Company (NYSE:KO) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lowered its position in The Coca-Cola Company (NYSE:KO - Free Report) by 92.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,198 shares of the company's stock after selling 594,025 shares during the period. Fullerton Fund Management Co Ltd.'s holdings in Coca-Cola were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Peachtree Investment Partners LLC grew its holdings in Coca-Cola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after purchasing an additional 157 shares during the last quarter. Fort Sheridan Advisors LLC grew its holdings in Coca-Cola by 3.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after purchasing an additional 161 shares during the last quarter. Excalibur Management Corp grew its holdings in Coca-Cola by 0.6% in the fourth quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after purchasing an additional 161 shares during the last quarter. Wells Trecaso Financial Group LLC grew its holdings in Coca-Cola by 4.8% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock worth $225,000 after purchasing an additional 164 shares during the last quarter. Finally, Atlas Brown Inc. grew its holdings in Coca-Cola by 0.8% in the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock worth $1,309,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

Shares of KO traded down $1.03 during mid-day trading on Monday, hitting $69.50. 21,514,494 shares of the company were exchanged, compared to its average volume of 15,539,617. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company has a 50 day moving average of $70.95 and a 200-day moving average of $66.63. The stock has a market cap of $299.13 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed 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 2.94%. Coca-Cola's payout ratio is 81.60%.

Analysts Set New Price Targets

Several equities analysts have issued reports on KO shares. UBS Group lifted their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Piper Sandler boosted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Cfra Research raised Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $75.59.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. This trade represents a 29.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 462,407 shares of company stock worth $32,990,056. Insiders own 0.97% of the company's stock.

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.