Johnson Investment Counsel Inc. Sells 5,497 Shares of CocaCola Company (The) $KO

Johnson Investment Counsel Inc. cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 1,482,349 shares of the company’s stock after selling 5,497 shares during the period. Johnson Investment Counsel Inc.’s holdings in CocaCola were worth $104,876,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of KO. Nuveen LLC bought a new stake in CocaCola during the 1st quarter worth approximately $1,508,657,000. Wellington Management Group LLP grew its position in CocaCola by 52.7% during the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after acquiring an additional 16,383,870 shares during the last quarter. Boston Partners bought a new stake in CocaCola during the 1st quarter worth approximately $642,183,000. Raymond James Financial Inc. grew its position in CocaCola by 47.4% during the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after acquiring an additional 3,810,752 shares during the last quarter. Finally, Amundi grew its position in CocaCola by 16.0% during the 1st quarter. Amundi now owns 21,236,315 shares of the company’s stock worth $1,554,074,000 after acquiring an additional 2,922,619 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 1.0%

NYSE:KO opened at $67.05 on Friday. The stock’s fifty day moving average price is $68.06 and its two-hundred day moving average price is $69.85. 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 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market cap of $288.55 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s dividend payout ratio is 72.34%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group reduced their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $76.93.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

CocaCola 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.