Transcendent Capital Group LLC Buys 484 Shares of CocaCola Company (The) (NYSE:KO)

Transcendent Capital Group LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 20.7% in the first quarter, HoldingsChannel reports. The fund owned 2,820 shares of the company’s stock after purchasing an additional 484 shares during the period. Transcendent Capital Group LLC’s holdings in CocaCola were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC bought a new position in CocaCola during the 1st quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new position in shares of CocaCola during the 4th quarter worth approximately $27,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. grew its stake in shares of CocaCola by 360.0% in the 1st 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 last quarter. Finally, REAP Financial Group LLC grew its stake in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction dated 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 owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of the company’s 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 completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.97% of the company’s stock.

CocaCola Price Performance

KO opened at $69.89 on Monday. The business has a fifty day moving average of $70.90 and a 200 day moving average of $68.90. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The stock has a market cap of $300.83 billion, a P/E ratio of 27.96, a PEG ratio of 3.66 and a beta of 0.45.

CocaCola (NYSE:KO) last posted its quarterly earnings data 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 company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently announced 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 2.92%. The ex-dividend date 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 issued reports on KO shares. Cfra Research raised CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Royal Bank Of Canada increased their target price on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. UBS Group increased their target price on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $76.71.

About CocaCola

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.