The Coca-Cola Company (NYSE:KO) Shares Acquired by AHL Investment Management Inc.

AHL Investment Management Inc. raised its stake in The Coca-Cola Company (NYSE:KO) by 1.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 117,684 shares of the company’s stock after purchasing an additional 1,338 shares during the quarter. Coca-Cola makes up 5.5% of AHL Investment Management Inc.’s holdings, making the stock its 2nd largest position. AHL Investment Management Inc.’s holdings in Coca-Cola were worth $7,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Norges Bank bought a new position in Coca-Cola during the fourth quarter valued at approximately $2,808,056,000. Fisher Asset Management LLC lifted its stake in shares of Coca-Cola by 11,138.6% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock valued at $293,343,000 after purchasing an additional 4,933,527 shares during the last quarter. Pathstone Holdings LLC bought a new stake in Coca-Cola in the fourth quarter worth $193,342,000. Putnam Investments LLC increased its position in Coca-Cola by 32.8% during the fourth quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock worth $709,051,000 after buying an additional 2,973,234 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Coca-Cola by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock valued at $2,390,448,000 after buying an additional 2,893,061 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,168,055.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction 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 of the company’s stock, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. Insiders sold 223,665 shares of company stock worth $13,995,465 in the last 90 days. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KO. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Evercore ISI lifted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BNP Paribas started coverage on shares of Coca-Cola in a report on Monday. They issued an “outperform” rating and a $72.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, UBS Group lifted their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.83.

Coca-Cola Stock Performance

Shares of KO traded down $0.14 on Tuesday, reaching $63.83. 10,546,145 shares of the stock traded hands, compared to its average volume of 13,159,821. The stock’s 50-day moving average price is $62.44 and its 200-day moving average price is $60.69. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a market cap of $274.98 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 3.55 and a beta of 0.59. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. Equities analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current fiscal 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 issued a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. Coca-Cola’s payout ratio is presently 77.60%.

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.