CocaCola Company (The) (NYSE:KO) Shares Bought by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,480 shares of the company’s stock after buying an additional 166 shares during the period. Consolidated Portfolio Review Corp’s holdings in CocaCola were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,072 shares during the period. IFP Advisors Inc boosted its position in CocaCola by 31.2% during the fourth quarter. IFP Advisors Inc now owns 62,517 shares of the company’s stock worth $3,892,000 after purchasing an additional 14,872 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in CocaCola by 6.3% in the fourth quarter. Impax Asset Management Group plc now owns 154,591 shares of the company’s stock valued at $9,625,000 after purchasing an additional 9,108 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $70.20 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The business’s 50 day moving average price is $71.42 and its 200 day moving average price is $68.17. The company has a market cap of $302.16 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 3.66 and a beta of 0.46. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping 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 business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CocaCola’s dividend payout ratio (DPR) is 81.60%.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Royal Bank Of Canada increased their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and an average target price of $76.27.

Insider Transactions at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 in the last 90 days. Insiders own 0.90% of the company’s stock.

CocaCola 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.