MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in The Coca-Cola Company (NYSE:KOGet Rating) by 94.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 46,841 shares of the company’s stock after purchasing an additional 22,751 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Coca-Cola were worth $2,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Fortis Advisors LLC purchased a new position in shares of Coca-Cola in the third quarter worth $25,000. Curi Wealth Management LLC bought a new stake in Coca-Cola in the fourth quarter valued at $25,000. Shore Point Advisors LLC bought a new stake in Coca-Cola in the fourth quarter valued at $28,000. Delos Wealth Advisors LLC boosted its holdings in Coca-Cola by 4,770.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares in the last quarter. Finally, Horan Securities Inc. bought a new stake in Coca-Cola in the fourth quarter valued at $32,000. 68.51% of the stock is currently owned by institutional investors.

In other Coca-Cola news, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the completion of the transaction, the senior vice president now owns 121,178 shares of the company’s stock, valued at approximately $7,849,910.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian John Smith sold 35,800 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $67.04, for a total value of $2,400,032.00. Following the completion of the transaction, the chief operating officer now directly owns 116,168 shares of the company’s stock, valued at approximately $7,787,902.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,161 shares of company stock valued at $26,786,278. 0.98% of the stock is owned by insiders.

Several analysts recently weighed in on KO shares. Barclays set a $74.00 price target on shares of Coca-Cola in a report on Wednesday, April 27th. Citigroup lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. Cowen lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a report on Tuesday, April 26th. HSBC lifted their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Finally, Cowen boosted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a report on Tuesday, April 26th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.05.

KO opened at $61.15 on Thursday. The stock has a 50-day moving average price of $63.44 and a 200-day moving average price of $61.45. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The firm has a market cap of $265.09 billion, a PE ratio of 25.69, a P/E/G ratio of 3.52 and a beta of 0.58. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The firm had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. Coca-Cola’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts anticipate that The Coca-Cola Company will post 2.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Tuesday, June 14th. Coca-Cola’s dividend payout ratio is presently 73.95%.

Coca-Cola Company Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

See Also

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

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