Buffington Mohr McNeal Has $258,000 Stock Holdings in CocaCola Company (The) (NYSE:KO)

Buffington Mohr McNeal lessened its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 78.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,596 shares of the company's stock after selling 13,003 shares during the quarter. Buffington Mohr McNeal's holdings in CocaCola were worth $258,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smart Money Group LLC lifted its holdings in CocaCola by 21.9% in the first quarter. Smart Money Group LLC now owns 13,478 shares of the company's stock valued at $965,000 after acquiring an additional 2,419 shares during the period. Resonant Capital Advisors LLC lifted its holdings in CocaCola by 23.2% in the first quarter. Resonant Capital Advisors LLC now owns 9,740 shares of the company's stock valued at $703,000 after acquiring an additional 1,836 shares during the period. First Horizon Advisors Inc. lifted its holdings in CocaCola by 154.0% in the first quarter. First Horizon Advisors Inc. now owns 501,255 shares of the company's stock valued at $35,900,000 after acquiring an additional 303,894 shares during the period. Revisor Wealth Management LLC lifted its holdings in CocaCola by 169.6% in the first quarter. Revisor Wealth Management LLC now owns 11,390 shares of the company's stock valued at $820,000 after acquiring an additional 7,165 shares during the period. Finally, Drum Hill Capital LLC acquired a new position in CocaCola in the first quarter valued at approximately $224,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $4,335,629.62. Following the sale, the executive vice president owned 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. Over the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by insiders.

CocaCola Stock Up 0.4%

Shares of KO traded up $0.28 during midday trading on Thursday, reaching $71.19. 9,440,457 shares of the company were exchanged, compared to its average volume of 16,160,583. The stock has a 50-day moving average price of $71.12 and a 200-day moving average price of $68.44. The company has a market cap of $306.42 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.72 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 company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group boosted 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. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Royal Bank Of Canada boosted 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. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two 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.com, CocaCola has an average rating of "Buy" and a consensus target price of $76.27.

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.