CocaCola Company (The) (NYSE:KO) Position Increased by Frederick Financial Consultants LLC

Frederick Financial Consultants LLC boosted its holdings in CocaCola Company (The) (NYSE:KO) by 7.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,990 shares of the company’s stock after acquiring an additional 291 shares during the quarter. Frederick Financial Consultants LLC’s holdings in CocaCola were worth $286,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the 1st quarter valued at $25,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the 4th quarter worth $27,000. Garde Capital Inc. acquired a new position in shares of CocaCola in the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent research reports. UBS Group lifted their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Cfra Research raised CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their target price on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $76.71.

CocaCola Trading Down 0.1%

Shares of KO opened at $69.27 on Thursday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $298.14 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.64 and a beta of 0.45. The stock’s 50-day moving average price is $70.74 and its 200 day moving average price is $68.96.

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

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.95%. CocaCola’s dividend payout ratio is 81.60%.

Insider Activity at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 205,511 shares of the company’s stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last three months. Company insiders own 0.97% of the company’s stock.

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.