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

Thompson Investment Management Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,052 shares of the company’s stock after purchasing an additional 578 shares during the period. Thompson Investment Management Inc.’s holdings in Coca-Cola were worth $2,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PGIM Custom Harvest LLC bought a new position in Coca-Cola during the 3rd quarter worth approximately $266,000. Operose Advisors LLC lifted its position in shares of Coca-Cola by 167.0% in the 3rd quarter. Operose Advisors LLC now owns 3,738 shares of the company’s stock worth $209,000 after buying an additional 2,338 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of Coca-Cola by 3.1% in the 3rd quarter. Mutual Advisors LLC now owns 67,281 shares of the company’s stock valued at $3,766,000 after buying an additional 2,031 shares during the period. MQS Management LLC acquired a new stake in Coca-Cola during the third quarter worth about $1,556,000. Finally, MFA Wealth Advisors LLC lifted its holdings in Coca-Cola by 4.5% in the third quarter. MFA Wealth Advisors LLC now owns 28,960 shares of the company’s stock worth $1,621,000 after acquiring an additional 1,248 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. UBS Group increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Argus boosted their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Morgan Stanley upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Finally, BNP Paribas began coverage on Coca-Cola in a report on Monday. They set an “outperform” rating and a $72.00 price target on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Insider Buying and Selling

In other Coca-Cola news, 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 transaction of $3,551,903.02. Following the sale, the executive vice president now 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 is available through this link. In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold 223,665 shares of company stock worth $13,995,465 in the last three months. 0.97% of the stock is currently owned by insiders.

Coca-Cola Price Performance

Shares of KO traded up $0.13 during midday trading on Wednesday, reaching $63.97. The stock had a trading volume of 4,466,721 shares, compared to its average volume of 13,088,585. 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 company has a market capitalization of $275.58 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.61 and a beta of 0.59. The firm’s 50 day moving average price is $62.44 and its 200-day moving average price is $60.69. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion for 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%. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts forecast that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 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.