11,141 Shares in CocaCola Company (The) (NYSE:KO) Bought by Advisor Resource Council

Advisor Resource Council purchased a new stake in CocaCola Company (The) (NYSE:KO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 11,141 shares of the company's stock, valued at approximately $798,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Voleon Capital Management LP purchased a new stake in shares of CocaCola in the 4th quarter valued at $2,513,000. Clark Capital Management Group Inc. raised its holdings in 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 purchasing an additional 204,681 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after buying an additional 3,920 shares during the period. Alphinity Investment Management Pty Ltd raised its stake in shares of CocaCola by 8.1% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 10,484,527 shares of the company's stock worth $652,767,000 after buying an additional 783,161 shares during the period. Finally, StoneX Group Inc. raised its stake in shares of CocaCola by 80.0% during the 4th quarter. StoneX Group Inc. now owns 51,775 shares of the company's stock worth $3,224,000 after buying an additional 23,009 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Performance

Shares of KO stock traded down $0.37 on Friday, hitting $68.84. 40,840,311 shares of the stock traded hands, compared to its average volume of 15,984,232. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The company has a market capitalization of $296.32 billion, a PE ratio of 27.54, a PEG ratio of 3.61 and a beta of 0.46. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company's fifty day moving average is $71.50 and its 200 day moving average is $68.11.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the company earned $0.72 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is 81.60%.

Insider Activity

In other CocaCola news, CEO James Quincey sold 266,403 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KO. UBS Group upped their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report 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. Finally, Piper Sandler increased their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.00.

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.