CocaCola Company (The) (NYSE:KO) Stock Position Lifted by Brookstone Capital Management

Brookstone Capital Management boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,608 shares of the company's stock after acquiring an additional 26,545 shares during the quarter. Brookstone Capital Management's holdings in CocaCola were worth $9,855,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its holdings in shares of CocaCola by 0.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares during the last quarter. MBA Advisors LLC boosted its position in CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after purchasing an additional 143 shares during the period. Navis Wealth Advisors LLC grew its stake in CocaCola by 4.2% during the 1st quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock worth $257,000 after buying an additional 146 shares during the last quarter. Peachtree Investment Partners LLC increased its position in CocaCola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after buying an additional 157 shares during the period. Finally, Braun Bostich & Associates Inc. lifted its stake in CocaCola by 3.8% in the first quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock valued at $309,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group increased their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted 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. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, CocaCola has an average rating of "Buy" and a consensus target price of $76.27.

CocaCola Price Performance

NYSE KO traded up $0.28 on Friday, reaching $71.19. The company's stock had a trading volume of 9,440,457 shares, compared to its average volume of 16,160,583. 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 firm's 50 day moving average is $71.08 and its two-hundred day moving average is $68.56. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a market cap of $306.42 billion, a PE ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating 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 return on equity of 45.49% and a net margin of 23.00%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors 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 currently 81.60%.

Insider Buying and Selling

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by corporate insiders.

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.