Accretive Wealth Partners LLC Grows Stake in CocaCola Company (The) (NYSE:KO)

Key Points

• Accretive Wealth Partners LLC increased its stake in CocaCola Company by 18.5%, owning 28,304 shares valued at $2,030,000 after acquiring an additional 4,418 shares in the first quarter.
• Insiders, including CEO James Quincey, have sold a total of 415,387 shares worth nearly $30 million in the last 90 days, resulting in significant decreases in their ownership percentages.
• Analysts maintain positive outlooks on CocaCola, with a consensus rating of "Buy" and a target price of $77.21, despite some revisions to individual price targets.

Accretive Wealth Partners LLC grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 18.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,304 shares of the company's stock after purchasing an additional 4,418 shares during the period. Accretive Wealth Partners LLC's holdings in CocaCola were worth $2,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KO. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the 1st quarter valued at $25,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. lifted 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 acquiring an additional 360 shares during the last quarter. REAP Financial Group LLC lifted its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the last quarter. Finally, Moser Wealth Advisors LLC lifted its holdings in shares of CocaCola by 449.5% during 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 last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 over the last 90 days. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

Shares of NYSE:KO opened at $69.18 on Friday. The company has a market cap of $297.75 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.45. The company has a 50-day moving average price of $70.64 and a 200-day moving average price of $69.34. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

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

CocaCola Dividend Announcement

The business also recently declared 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 dividend yield of 2.95%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is currently 72.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KO shares. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Finally, UBS Group lowered their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $77.21.

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.

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