Caliber Wealth Management LLC KS Invests $413,000 in CocaCola Company (The) (NYSE:KO)

Key Points

• Caliber Wealth Management LLC KS made a new investment of approximately $413,000 in Coca-Cola Company (NYSE:KO), acquiring 5,773 shares during the 1st quarter.
• Coca-Cola's recent quarterly earnings reported an EPS of $0.87, surpassing estimates, with a net margin of 25.89% and a revenue of $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, to be paid on October 1st, reflecting an annual yield of 2.95%.

Caliber Wealth Management LLC KS bought a new stake in CocaCola Company (The) (NYSE:KO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,773 shares of the company's stock, valued at approximately $413,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of CocaCola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after purchasing an additional 2,072 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in CocaCola in the fourth quarter valued at about $38,000. Finally, Financial Engines Advisors L.L.C. raised its position in CocaCola by 88.6% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 10,320 shares of the company's stock valued at $643,000 after purchasing an additional 4,847 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of CocaCola stock traded up $1.06 during trading on Tuesday, reaching $69.15. The company's stock had a trading volume of 5,080,496 shares, compared to its average volume of 17,253,309. The company has a market capitalization of $297.64 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 3.60 and a beta of 0.45. The business has a 50 day moving average price of $70.56 and a 200-day moving average price of $69.50. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average 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 CocaCola stock in a transaction dated 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% 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 worth $29,923,985. 0.90% of the stock is owned by corporate insiders.

About CocaCola

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.