Cooper Financial Group Acquires 3,711 Shares of CocaCola Company (The) (NYSE:KO)

Cooper Financial Group grew its holdings in CocaCola Company (The) (NYSE:KO) by 21.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,781 shares of the company’s stock after acquiring an additional 3,711 shares during the quarter. Cooper Financial Group’s holdings in CocaCola were worth $1,488,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the first quarter worth about $25,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. boosted its position in shares of 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 buying an additional 360 shares during the period. Ridgewood Investments LLC boosted its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares during the period. Finally, Moser Wealth Advisors LLC boosted its position in shares of 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 buying an additional 409 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. UBS Group reduced their price target on CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $77.21.

CocaCola Stock Performance

KO opened at $70.32 on Friday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market cap of $302.63 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.66 and a beta of 0.44. The business has a 50 day moving average of $70.13 and a 200-day moving average of $69.89. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. On average, equities research analysts expect 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 will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 266,403 shares of CocaCola 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 sale, the chief executive officer directly owned 275,946 shares of the company’s stock, valued at approximately $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. 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.