First Hawaiian Bank Has $812,000 Stock Position in The Coca-Cola Company (NYSE:KO)

First Hawaiian Bank reduced its stake in shares of The Coca-Cola Company (NYSE:KO) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,280 shares of the company’s stock after selling 596 shares during the quarter. First Hawaiian Bank’s holdings in Coca-Cola were worth $812,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Chickasaw Capital Management LLC boosted its holdings in shares of Coca-Cola by 2.0% during the first quarter. Chickasaw Capital Management LLC now owns 43,177 shares of the company’s stock worth $2,642,000 after purchasing an additional 840 shares during the period. GAMMA Investing LLC raised its position in Coca-Cola by 16.8% during the first quarter. GAMMA Investing LLC now owns 36,520 shares of the company’s stock valued at $2,234,000 after acquiring an additional 5,243 shares in the last quarter. NBC Securities Inc. raised its position in Coca-Cola by 6.7% during the first quarter. NBC Securities Inc. now owns 48,630 shares of the company’s stock valued at $2,975,000 after acquiring an additional 3,060 shares in the last quarter. Davis Capital Management raised its position in Coca-Cola by 2.9% during the first quarter. Davis Capital Management now owns 27,539 shares of the company’s stock valued at $1,671,000 after acquiring an additional 768 shares in the last quarter. Finally, CWM LLC raised its position in Coca-Cola by 12.6% during the first quarter. CWM LLC now owns 369,766 shares of the company’s stock valued at $22,622,000 after acquiring an additional 41,466 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KO shares. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley raised their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI raised their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Barclays boosted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.55.

Coca-Cola Trading Down 0.7 %

Shares of KO opened at $62.19 on Friday. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.36. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $267.89 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.54 and a beta of 0.59. The stock’s 50-day moving average price is $62.12 and its 200 day moving average price is $60.56.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

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 $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.12%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,665 shares of company stock worth $13,995,465. Company insiders own 0.97% of the company’s stock.

Coca-Cola Company 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.