Noesis Capital Mangement Corp Acquires Shares of 3,794 CocaCola Company (The) (NYSE:KO)

Noesis Capital Mangement Corp acquired a new position in CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,794 shares of the company's stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Deseret Mutual Benefit Administrators increased its stake in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares in the last quarter. MBA Advisors LLC boosted its holdings in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after acquiring an additional 143 shares during the last quarter. BXM Wealth LLC boosted its holdings in shares of CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after acquiring an additional 144 shares during the last quarter. MTM Investment Management LLC boosted its holdings in shares of CocaCola by 0.3% in the 1st quarter. MTM Investment Management LLC now owns 50,612 shares of the company's stock valued at $3,637,000 after acquiring an additional 144 shares during the last quarter. Finally, Navis Wealth Advisors LLC boosted its holdings in shares of CocaCola by 4.2% in the 1st quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock valued at $257,000 after acquiring an additional 146 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. BNP Paribas restated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $77.21.

Insider Activity

In other news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at $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. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Up 0.1%

Shares of NYSE KO traded up $0.08 during midday trading on Friday, hitting $69.18. The company's stock had a trading volume of 12,568,414 shares, compared to its average volume of 16,367,130. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The business's fifty day simple moving average is $70.64 and its two-hundred day simple moving average is $69.40. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.89. The firm has a market capitalization of $297.75 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. CocaCola's payout ratio is 72.34%.

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.