Chilton Capital Management LLC Has $4.48 Million Stake in CocaCola Company (The) (NYSE:KO)

Chilton Capital Management LLC decreased its holdings in CocaCola Company (The) (NYSE:KO) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,587 shares of the company’s stock after selling 7,711 shares during the period. Chilton Capital Management LLC’s holdings in CocaCola were worth $4,482,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the first quarter worth approximately $25,000. Crowley Wealth Management Inc. acquired a new position in CocaCola in the fourth quarter worth approximately $27,000. Garde Capital Inc. acquired a new position in CocaCola in the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer directly owned 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president owned 187,716 shares of the company’s stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 over the last three months. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Up 0.4%

Shares of NYSE KO opened at $71.19 on Friday. The stock has a market cap of $306.42 billion, a PE ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45. The business has a fifty day moving average of $71.08 and a two-hundred day moving average of $68.60. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. CocaCola’s payout ratio is 81.60%.

Analysts Set New Price Targets

KO has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. UBS Group increased their price target on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Cfra Research raised shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Royal Bank Of Canada boosted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.27.

About CocaCola

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.