CocaCola Company (The) (NYSE:KO) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in CocaCola Company (The) (NYSE:KO) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,272 shares of the company’s stock after purchasing an additional 41,573 shares during the period. Wealthfront Advisers LLC’s holdings in CocaCola were worth $26,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new position in CocaCola in the first quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter worth approximately $30,000. Crowley Wealth Management Inc. purchased a new position in CocaCola in the 4th quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. raised its holdings in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Finally, Moser Wealth Advisors LLC boosted its position in CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock worth $36,000 after purchasing an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $69.49 on Tuesday. The business’s 50-day moving average price is $70.85 and its 200 day moving average price is $68.95. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market capitalization of $299.11 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45.

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

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KO shares. Royal Bank Of Canada raised their price target on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Barclays restated an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. UBS Group raised their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $76.71.

Insider Buying and Selling at CocaCola

In other 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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,387 shares of company stock valued at $29,923,985. 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.