MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 22,751 Shares of The Coca-Cola Company (NYSE:KO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 94.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,841 shares of the company’s stock after acquiring an additional 22,751 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Coca-Cola were worth $2,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KO. Fortis Advisors LLC bought a new position in Coca-Cola in the 3rd quarter valued at about $25,000. Curi Wealth Management LLC bought a new position in Coca-Cola in the 4th quarter valued at about $25,000. Shore Point Advisors LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $28,000. Delos Wealth Advisors LLC increased its stake in Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the last quarter. Finally, Horan Securities Inc. purchased a new stake in Coca-Cola in the 4th quarter valued at about $32,000. 68.51% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on KO. Citigroup increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, April 26th. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Barclays set a $74.00 price objective on shares of Coca-Cola in a research note on Wednesday, April 27th. Cowen increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Finally, DZ Bank lowered shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research note on Thursday, April 28th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.05.

In related news, insider Nikolaos Koumettis sold 153,466 shares of the stock in a transaction on Monday, April 18th. The stock was sold at an average price of $65.03, for a total value of $9,979,893.98. Following the transaction, the insider now owns 136,513 shares of the company’s stock, valued at $8,877,440.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nancy Quan sold 35,335 shares of the firm’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $65.05, for a total value of $2,298,541.75. Following the sale, the senior vice president now owns 198,456 shares in the company, valued at approximately $12,909,562.80. The disclosure for this sale can be found here. Insiders sold 412,161 shares of company stock worth $26,786,278 in the last quarter. 0.98% of the stock is currently owned by company insiders.

Shares of KO opened at $61.15 on Thursday. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20. The stock’s 50-day simple moving average is $63.44 and its 200 day simple moving average is $61.45. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.18. The stock has a market capitalization of $265.09 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.52 and a beta of 0.58.

Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $9.83 billion. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, research analysts forecast that The Coca-Cola Company will post 2.47 earnings per share for the current fiscal year.

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

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