The Coca-Cola Company (NYSE:KO) Position Trimmed by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its stake in The Coca-Cola Company (NYSE:KO) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,619 shares of the company’s stock after selling 747 shares during the quarter. International Assets Investment Management LLC’s holdings in Coca-Cola were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $1,255,000. Syntax Advisors LLC grew its position in Coca-Cola by 4.4% in the third quarter. Syntax Advisors LLC now owns 4,220 shares of the company’s stock worth $236,000 after acquiring an additional 179 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Coca-Cola by 7.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 106,866 shares of the company’s stock worth $5,982,000 after acquiring an additional 7,003 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Coca-Cola by 5.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 18,921 shares of the company’s stock valued at $1,059,000 after purchasing an additional 934 shares in the last quarter. Finally, Certified Advisory Corp lifted its stake in shares of Coca-Cola by 0.8% in the 3rd quarter. Certified Advisory Corp now owns 33,094 shares of the company’s stock valued at $1,853,000 after purchasing an additional 247 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on KO. Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Evercore ISI boosted their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Barclays boosted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

Coca-Cola Stock Up 0.9 %

Shares of NYSE KO opened at $62.77 on Monday. The business has a fifty day moving average of $62.21 and a two-hundred day moving average of $60.62. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The stock has a market cap of $270.41 billion, a PE ratio of 25.11, a PEG ratio of 3.51 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. As a group, equities research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.09%. Coca-Cola’s payout ratio is 77.60%.

Insider Transactions at Coca-Cola

In related news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,665 shares of company stock worth $13,995,465. 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.