5,037 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,037 shares of the company's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola during the fourth quarter worth about $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $31,000. REAP Financial Group LLC boosted its stake in Coca-Cola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola during the 4th quarter valued at about $38,000. Finally, Hoey Investments Inc. lifted its stake in Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Trading Down 0.2%

Shares of KO stock traded down $0.13 during trading hours on Monday, reaching $71.98. The company's stock had a trading volume of 10,196,133 shares, compared to its average volume of 15,726,094. The stock has a market capitalization of $309.80 billion, a P/E ratio of 29.14, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The firm's fifty day simple moving average is $71.35 and its 200 day simple moving average is $67.32. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Equities research analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

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 paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of recent research reports. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Wells Fargo & Company boosted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Evercore ISI increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, UBS Group boosted their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of "Buy" and an average target price of $75.81.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the company'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 completion of the transaction, the executive vice president now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% 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, COO Henrique Braun sold 25,277 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the sale, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. The trade was a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 229,761 shares of company stock worth $16,474,587 over the last quarter. 0.97% of the stock is currently owned by insiders.

Coca-Cola 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.