TD Private Client Wealth LLC Buys 21,178 Shares of CocaCola Company (The) (NYSE:KO)

TD Private Client Wealth LLC raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 26.6% in the 1st quarter, Holdings Channel reports. The firm owned 100,794 shares of the company’s stock after purchasing an additional 21,178 shares during the quarter. TD Private Client Wealth LLC’s holdings in CocaCola were worth $7,219,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Sage Financial Management Group Inc. bought a new position in shares of CocaCola in the 1st quarter worth about $216,000. Voleon Capital Management LP bought a new position in shares of CocaCola in the 4th quarter worth about $2,513,000. Cornerstone Wealth Management LLC raised its position in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after acquiring an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. raised its position in shares of CocaCola by 31.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock worth $52,851,000 after acquiring an additional 204,681 shares in the last quarter. Finally, StoneX Group Inc. raised its position in shares of CocaCola by 80.0% in the 4th quarter. StoneX Group Inc. now owns 51,775 shares of the company’s stock worth $3,224,000 after acquiring an additional 23,009 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at CocaCola

In other CocaCola 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 transaction of $6,391,355.22. Following the completion of the transaction, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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. In the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Cfra Research raised CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Morgan Stanley reissued an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada lifted their price objective on CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. UBS Group raised their target price on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Two equities 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. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.27.

CocaCola Price Performance

KO stock opened at $71.19 on Monday. The company has a market capitalization of $306.42 billion, a P/E ratio of 28.48, a price-to-earnings-growth 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. The business has a 50-day simple moving average of $71.08 and a two-hundred day simple moving average of $68.64.

CocaCola (NYSE:KO) last released its quarterly 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 business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.87%. CocaCola’s dividend payout ratio (DPR) is currently 81.60%.

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.