Alpha Cubed Investments LLC Has $47.20 Million Stock Holdings in CocaCola Company (The) (NYSE:KO)

Alpha Cubed Investments LLC grew its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 659,077 shares of the company's stock after buying an additional 10,678 shares during the quarter. CocaCola accounts for approximately 2.1% of Alpha Cubed Investments LLC's portfolio, making the stock its 14th biggest position. Alpha Cubed Investments LLC's holdings in CocaCola were worth $47,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Horst & Graben Wealth Management LLC increased its position in CocaCola by 2.4% during the first quarter. Horst & Graben Wealth Management LLC now owns 9,115 shares of the company's stock worth $653,000 after buying an additional 216 shares during the period. Jessup Wealth Management Inc acquired a new position in shares of CocaCola in the first quarter valued at approximately $239,000. Pekin Hardy Strauss Inc. increased its holdings in shares of CocaCola by 1.9% in the first quarter. Pekin Hardy Strauss Inc. now owns 24,706 shares of the company's stock valued at $1,769,000 after purchasing an additional 469 shares during the period. Family Capital Management Inc. increased its holdings in shares of CocaCola by 8.4% in the first quarter. Family Capital Management Inc. now owns 4,523 shares of the company's stock valued at $324,000 after purchasing an additional 351 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of CocaCola by 0.9% in the first quarter. Crossmark Global Holdings Inc. now owns 903,489 shares of the company's stock valued at $64,708,000 after purchasing an additional 8,421 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

Shares of KO traded down $0.85 during trading hours on Tuesday, hitting $70.16. 4,657,328 shares of the company were exchanged, compared to its average volume of 16,136,774. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The firm has a fifty day simple moving average of $71.06 and a 200-day simple moving average of $68.70. The company has a market capitalization of $301.97 billion, a PE ratio of 28.09, a PEG ratio of 3.74 and a beta of 0.45.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. CocaCola's payout ratio is presently 81.60%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. JPMorgan Chase & Co. boosted their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $76.27.

Insider Transactions at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction 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 CocaCola stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer directly owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 415,387 shares of company stock worth $29,923,985. Company 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.