6,058 Shares in CocaCola Company (The) (NYSE:KO) Purchased by One Wealth Advisors LLC

Key Points

• One Wealth Advisors LLC purchased 6,058 shares of CocaCola Company, valued at approximately $437,000 in the first quarter, highlighting continued interest from institutional investors.
• CocaCola's recent earnings report showed a 2.5% year-over-year revenue increase, with earnings per share of $0.87, surpassing analysts' expectations of $0.83.
• The company declared a quarterly dividend of $0.51, resulting in an annualized yield of 2.95% for shareholders, with a dividend payout ratio of 72.34%.

One Wealth Advisors LLC bought a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,058 shares of the company's stock, valued at approximately $437,000.

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

Analysts Set New Price Targets

Several research firms recently commented on KO. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $77.21.

Insider Activity at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% 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. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Down 1.1%

Shares of NYSE KO traded down $0.78 during mid-day trading on Monday, reaching $68.40. 4,529,578 shares of the company were exchanged, compared to its average volume of 17,277,623. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The stock has a market cap of $294.39 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 3.60 and a beta of 0.45. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a 50-day moving average of $70.64 and a 200 day moving average of $69.45.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is currently 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.