Avantax Planning Partners Inc. Acquires 3,671 Shares of CocaCola Company (The) (NYSE:KO)

Avantax Planning Partners Inc. increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,122 shares of the company's stock after purchasing an additional 3,671 shares during the quarter. Avantax Planning Partners Inc.'s holdings in CocaCola were worth $12,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KO. Brighton Jones LLC lifted its stake in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after buying an additional 2,072 shares during the period. Souders Financial Advisors lifted its holdings in CocaCola by 8.8% in the fourth quarter. Souders Financial Advisors now owns 6,083 shares of the company's stock valued at $379,000 after buying an additional 494 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of CocaCola by 40.2% in the 4th quarter. Assetmark Inc. now owns 152,901 shares of the company's stock valued at $9,520,000 after purchasing an additional 43,836 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Up 0.4%

KO traded up $0.28 during trading hours on Friday, hitting $71.19. 9,440,457 shares of the company's stock were exchanged, compared to its average volume of 16,160,583. The stock has a market cap of $306.42 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock's 50-day moving average is $71.10 and its two-hundred day moving average is $68.50. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

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

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. CocaCola's dividend payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KO. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. UBS Group lifted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada boosted 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. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CocaCola currently has a consensus rating of "Buy" and a consensus price target of $76.27.

Insiders Place Their Bets

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the company's 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 sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at approximately $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 through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last 90 days. 0.97% of the stock is currently owned by insiders.

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.