Integral Investment Advisors Inc. Cuts Position in The Coca-Cola Company (NYSE:KO)

Integral Investment Advisors Inc. trimmed its stake in The Coca-Cola Company (NYSE:KO) by 33.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,937 shares of the company’s stock after selling 1,461 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Coca-Cola were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gibson Capital LLC raised its position in shares of Coca-Cola by 5.8% in the first quarter. Gibson Capital LLC now owns 6,880 shares of the company’s stock worth $493,000 after buying an additional 378 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of Coca-Cola by 6.1% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 73,713 shares of the company’s stock valued at $5,279,000 after buying an additional 4,225 shares during the period. Curated Wealth Partners LLC bought a new position in shares of Coca-Cola in the 1st quarter worth approximately $221,000. Dividend Assets Capital LLC lifted its position in Coca-Cola by 13.4% during the first quarter. Dividend Assets Capital LLC now owns 10,440 shares of the company’s stock valued at $748,000 after buying an additional 1,233 shares during the period. Finally, Parsons Capital Management Inc. RI boosted its stake in Coca-Cola by 0.3% during the first quarter. Parsons Capital Management Inc. RI now owns 118,508 shares of the company’s stock worth $8,488,000 after acquiring an additional 346 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of research analyst reports. Evercore ISI upped their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Cfra Research raised shares of Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, Barclays reiterated an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Buy” and a consensus price target of $76.00.

Coca-Cola Trading Up 0.6%

Shares of KO stock opened at $71.76 on Tuesday. The stock has a fifty day moving average of $71.39 and a two-hundred day moving average of $67.68. 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 firm has a market capitalization of $308.89 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. As a group, research analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, June 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 81.60%.

Insiders Place Their Bets

In related news, CFO John Murphy sold 88,658 shares of the 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of the business’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 now directly owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,387 shares of company stock worth $29,923,985. Corporate 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.