Family Capital Management Inc. Has $324,000 Position in CocaCola Company (The) (NYSE:KO)

Family Capital Management Inc. lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 8.4% during the first quarter, Holdings Channel reports. The fund owned 4,523 shares of the company’s stock after buying an additional 351 shares during the quarter. Family Capital Management Inc.’s holdings in CocaCola were worth $324,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KO. Brighton Jones LLC grew its holdings in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in CocaCola by 12.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company’s stock worth $1,189,000 after buying an additional 2,072 shares in the last quarter. Proficio Capital Partners LLC raised its position in CocaCola by 46.2% in the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company’s stock valued at $675,000 after buying an additional 3,426 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in CocaCola during the 4th quarter valued at $416,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Royal Bank Of Canada upped their price objective on shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. UBS Group boosted their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $76.27.

CocaCola Stock Performance

NYSE:KO opened at $71.19 on Monday. The business’s fifty day moving average is $71.08 and its 200 day moving average is $68.64. The firm has a market cap of $306.42 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for 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%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. CocaCola’s payout ratio is currently 81.60%.

Insider Buying and Selling

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.90% 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.