Brookwood Investment Group LLC Makes New Investment in CocaCola Company (The) (NYSE:KO)

Brookwood Investment Group LLC bought a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,499 shares of the company's stock, valued at approximately $1,611,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter valued at about $25,000. Garde Capital Inc. acquired a new position in CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its stake 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 purchasing an additional 360 shares during the last quarter. REAP Financial Group LLC raised its stake in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its stake in CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Down 1.5%

Shares of CocaCola stock traded down $1.07 on Monday, hitting $68.10. 13,631,952 shares of the company's stock traded hands, compared to its average volume of 17,346,072. The stock has a market cap of $293.12 billion, a P/E ratio of 24.15, a PEG ratio of 3.60 and a beta of 0.45. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm's 50-day moving average is $70.64 and its 200 day moving average is $69.45. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is currently 72.34%.

Wall Street Analyst Weigh In

KO has been the subject of several recent analyst reports. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. 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's stock. According to MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $77.21.

Insider Activity at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company'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 sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company's stock.

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.