CocaCola Company (The) (NYSE:KO) Shares Acquired by Atria Investments Inc

Atria Investments Inc raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,880 shares of the company's stock after purchasing an additional 27,549 shares during the period. Atria Investments Inc's holdings in CocaCola were worth $21,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the first quarter worth about $25,000. Garde Capital Inc. bought a new stake in CocaCola during the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. increased its position in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the period. REAP Financial Group LLC raised its stake in shares of CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its stake in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after acquiring an additional 409 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer owned 275,946 shares of the company's stock, 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 SEC, which is available at the SEC website. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 over the last three months. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KO shares. BNP Paribas restated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group lowered their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $77.21.

CocaCola Price Performance

Shares of KO traded down $0.93 during mid-day trading on Monday, reaching $68.25. The stock had a trading volume of 6,580,645 shares, compared to its average volume of 17,293,098. The firm has a market cap of $293.74 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 3.60 and a beta of 0.45. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The business has a fifty day moving average of $70.64 and a 200 day moving average of $69.45. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO - Get Free Report) last released 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. The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.99%. CocaCola's dividend payout ratio is currently 72.34%.

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.