DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Position in The Coca-Cola Company (NYSE:KO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 65.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,922,500 shares of the company’s stock after selling 7,341,502 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.09% of Coca-Cola worth $231,150,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KO. ZRC Wealth Management LLC raised its holdings in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the period. Tidemark LLC purchased a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC bought a new stake in Coca-Cola in the fourth quarter worth approximately $31,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Barclays upped their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Morgan Stanley boosted their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Argus upped their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $68.55.

Check Out Our Latest Research Report on KO

Insider Activity

In related news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,168,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Insiders have sold 142,774 shares of company stock valued at $8,952,720 over the last three months. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.05 during midday trading on Friday, hitting $62.56. 4,746,584 shares of the company were exchanged, compared to its average volume of 13,061,882. The firm has a 50 day simple moving average of $61.79 and a 200-day simple moving average of $60.42. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The firm has a market cap of $269.51 billion, a P/E ratio of 25.18, a PEG ratio of 3.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KOGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating 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 firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.10%. Coca-Cola’s payout ratio is 77.60%.

Coca-Cola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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