18,390 Shares in CocaCola Company (The) (NYSE:KO) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,390 shares of the company's stock, valued at approximately $1,326,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Garde Capital Inc. purchased a new stake in shares of CocaCola during the 1st quarter worth about $30,000. Crowley Wealth Management Inc. purchased a new stake in shares of CocaCola during the 4th quarter worth about $27,000. Mizuho Securities Co. Ltd. grew its holdings in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the period. Moser Wealth Advisors LLC boosted its holdings in CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares during the period. Finally, Mainstream Capital Management LLC purchased a new position in CocaCola in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KO shares. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. upped their price target on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. UBS Group upped their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CocaCola has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola Stock Up 1.4%

Shares of KO traded up $0.95 during trading on Friday, reaching $70.42. The company's stock had a trading volume of 23,464,409 shares, compared to its average volume of 16,098,647. 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 company has a market cap of $303.11 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.69 and a beta of 0.46. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a fifty day moving average of $71.25 and a two-hundred day moving average of $68.32.

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

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction on 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 now directly owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.97% 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.