Butensky & Cohen Financial Security Inc. Has $1.45 Million Position in The Coca-Cola Company (NYSE:KO)

Butensky & Cohen Financial Security Inc. reduced its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,282 shares of the company's stock after selling 18,182 shares during the quarter. Butensky & Cohen Financial Security Inc.'s holdings in Coca-Cola were worth $1,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in shares of Coca-Cola during the 4th quarter valued at $27,000. Mainstream Capital Management LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at $31,000. REAP Financial Group LLC grew its holdings in shares of Coca-Cola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola during the 4th quarter valued at $38,000. Finally, Hoey Investments Inc. grew its holdings in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In other news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the completion of the sale, the chief operating officer now owns 52,466 shares of the company's stock, valued at approximately $3,749,745.02. This trade represents a 32.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 275,946 shares of the company's stock, valued at approximately $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 440,664 shares of company stock valued at $31,730,532. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

NYSE:KO opened at $71.37 on Friday. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $307.20 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The firm has a 50-day moving average price of $71.39 and a 200 day moving average price of $67.57.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results 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. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. Research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. UBS Group upped their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $75.81.

Coca-Cola 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.

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