Bogart Wealth LLC Has $4.62 Million Position in CocaCola Company (The) (NYSE:KO)

Bogart Wealth LLC decreased its position in CocaCola Company (The) (NYSE:KO - Free Report) by 38.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 64,451 shares of the company's stock after selling 39,751 shares during the period. Bogart Wealth LLC's holdings in CocaCola were worth $4,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Transcendent Capital Group LLC boosted its stake in shares of CocaCola by 20.7% during the 1st quarter. Transcendent Capital Group LLC now owns 2,820 shares of the company's stock valued at $202,000 after buying an additional 484 shares during the period. Catalyst Financial Partners LLC raised its holdings in shares of CocaCola by 4.3% during the 1st quarter. Catalyst Financial Partners LLC now owns 22,560 shares of the company's stock valued at $1,616,000 after purchasing an additional 934 shares in the last quarter. Edgestream Partners L.P. bought a new position in CocaCola in the 1st quarter worth $628,000. Turtle Creek Wealth Advisors LLC raised its holdings in CocaCola by 391.9% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 57,770 shares of the company's stock worth $4,137,000 after acquiring an additional 46,026 shares during the period. Finally, Florida Financial Advisors LLC raised its holdings in CocaCola by 11.0% in the 1st quarter. Florida Financial Advisors LLC now owns 8,396 shares of the company's stock worth $601,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In related news, 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 completion of the transaction, the executive vice president owned 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KO shares. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. UBS Group lifted their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CocaCola currently has an average rating of "Buy" and an average target price of $76.71.

CocaCola Stock Down 0.3%

Shares of KO stock traded down $0.18 during trading hours on Tuesday, hitting $69.30. 4,408,761 shares of the company were exchanged, compared to its average volume of 16,283,155. The business has a 50 day moving average of $70.85 and a two-hundred day moving average of $68.95. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market capitalization of $298.26 billion, a PE ratio of 27.70, a PEG ratio of 3.66 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last issued 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 net margin of 23.00% and a return on equity of 45.49%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. Analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's payout ratio is 81.60%.

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.