Alpha Family Trust Sells 7,315 Shares of The Coca-Cola Company (NYSE:KO)

Alpha Family Trust lessened its position in shares of The Coca-Cola Company (NYSE:KO) by 61.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,585 shares of the company’s stock after selling 7,315 shares during the quarter. Alpha Family Trust’s holdings in Coca-Cola were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KO. Norges Bank acquired a new position in Coca-Cola in the fourth quarter valued at approximately $2,808,056,000. Fisher Asset Management LLC boosted its stake in Coca-Cola by 11,138.6% during the fourth quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after acquiring an additional 4,933,527 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Coca-Cola by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after purchasing an additional 2,464,618 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Coca-Cola by 32.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,734,134 shares of the company’s stock valued at $583,659,000 after purchasing an additional 2,408,063 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Coca-Cola by 4.8% during the third quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock valued at $2,514,234,000 after purchasing an additional 2,040,664 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group raised their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI increased 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. Barclays lifted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Argus raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.58.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction that occurred on 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 completion of 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. Insiders have sold a total of 446,577 shares of company stock worth $27,385,816 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.09 during trading on Wednesday, hitting $63.00. The company’s stock had a trading volume of 7,406,385 shares, compared to its average volume of 13,471,849. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a market cap of $271.40 billion, a PE ratio of 25.16, a P/E/G ratio of 3.55 and a beta of 0.57. The business has a fifty day moving average of $60.96 and a 200-day moving average of $59.80. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $63.76.

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

Coca-Cola Announces Dividend

The company also recently announced 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. This represents a $1.94 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.