Alpine Bank Wealth Management Makes New Investment in CocaCola Company (The) (NYSE:KO)

Alpine Bank Wealth Management bought a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,179 shares of the company's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Navis Wealth Advisors LLC boosted its stake in CocaCola by 4.2% in the first quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock worth $257,000 after purchasing an additional 146 shares in the last quarter. Peachtree Investment Partners LLC lifted its position in CocaCola by 1.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after buying an additional 157 shares in the last quarter. Braun Bostich & Associates Inc. lifted its position in CocaCola by 3.8% during the 1st quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock worth $309,000 after buying an additional 159 shares in the last quarter. Fort Sheridan Advisors LLC grew its holdings in CocaCola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after acquiring an additional 161 shares during the last quarter. Finally, Excalibur Management Corp increased its position in CocaCola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% 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 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

CocaCola Trading Down 0.8%

NYSE KO traded down $0.55 during trading on Wednesday, reaching $69.66. 12,536,081 shares of the stock traded hands, compared to its average volume of 16,001,739. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. 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 firm has a market cap of $299.84 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 3.66 and a beta of 0.46. The stock's 50-day moving average price is $71.42 and its 200 day moving average price is $68.17.

CocaCola (NYSE:KO - Get Free Report) last announced 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 company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The firm's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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 given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price objective on CocaCola from $74.00 to $78.00 and gave the company 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. UBS Group raised their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $76.27.

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.