Maven Securities LTD Reduces Stake in The Coca-Cola Company (NYSE:KO)

Maven Securities LTD decreased its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 76.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,886 shares of the company's stock after selling 12,714 shares during the quarter. Maven Securities LTD's holdings in Coca-Cola were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its position in shares of Coca-Cola by 87.7% in the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Coca-Cola by 36.3% during the 4th quarter. Brookstone Capital Management now owns 111,063 shares of the company's stock valued at $6,915,000 after purchasing an additional 29,605 shares during the period. Cooper Financial Group grew its stake in shares of Coca-Cola by 9.4% during the 4th quarter. Cooper Financial Group now owns 17,070 shares of the company's stock valued at $1,063,000 after purchasing an additional 1,472 shares during the period. PFW Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at approximately $29,003,000. Finally, BCS Wealth Management bought a new position in shares of Coca-Cola during the 4th quarter valued at approximately $629,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Up 3.4%

KO stock traded up $2.34 during trading on Thursday, reaching $71.50. 19,798,106 shares of the company traded hands, compared to its average volume of 15,618,333. The business has a 50 day simple moving average of $70.86 and a 200 day simple moving average of $66.72. 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 Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a market capitalization of $307.76 billion, a price-to-earnings ratio of 28.95, 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 results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period last year, the business posted $0.72 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Analysts Set New Price Targets

KO has been the subject of a number of recent research reports. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Royal Bank of Canada upped their price objective on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Piper Sandler upped their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and upped their price objective for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $75.59.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 145,435 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 462,407 shares of company stock worth $32,990,056 over the last three months. 0.97% of the stock is currently owned by insiders.

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.