Aurora Private Wealth Inc. Grows Position in CocaCola Company (The) (NYSE:KO)

Aurora Private Wealth Inc. grew its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3,979.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 220,089 shares of the company's stock after purchasing an additional 214,694 shares during the period. Aurora Private Wealth Inc.'s holdings in CocaCola were worth $15,763,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in CocaCola by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after acquiring an additional 11,569,920 shares in the last quarter. Norges Bank purchased a new position in shares of CocaCola in the 4th quarter worth about $3,402,151,000. Northern Trust Corp boosted its stake in CocaCola by 9.5% in the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after purchasing an additional 3,811,756 shares in the last quarter. Franklin Resources Inc. grew its position in CocaCola by 21.9% during the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after purchasing an additional 6,118,819 shares during the last quarter. Finally, Capital International Investors increased its stake in CocaCola by 96.0% during the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This trade 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 three months. Company insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of CocaCola stock traded down $0.55 on Wednesday, hitting $69.66. 12,536,081 shares of the company's stock were exchanged, compared to its average volume of 16,001,739. The stock has a market capitalization of $299.84 billion, a PE ratio of 27.86, a PEG ratio of 3.66 and a beta of 0.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The company has a 50-day simple moving average of $71.42 and a 200-day simple moving average of $68.17. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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

CocaCola Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler increased their price target on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Royal Bank Of Canada upped their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, UBS Group increased their price objective on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola 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.