Capital Advisors Inc. OK Grows Stock Holdings in CocaCola Company (The) (NYSE:KO)

Capital Advisors Inc. OK increased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 571,404 shares of the company's stock after buying an additional 14,167 shares during the quarter. Capital Advisors Inc. OK's holdings in CocaCola were worth $40,924,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after buying an additional 2,072 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of CocaCola by 46.2% in the fourth quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after buying an additional 3,426 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of CocaCola in the fourth quarter worth $416,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company'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 sale, the executive vice president directly owned 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction dated 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 directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. 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 company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KO. Royal Bank Of Canada boosted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, UBS Group boosted their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CocaCola has an average rating of "Buy" and a consensus target price of $76.27.

CocaCola Trading Down 1.3%

KO stock traded down $0.91 during mid-day trading on Tuesday, reaching $70.10. 3,433,209 shares of the stock traded hands, compared to its average volume of 16,132,605. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market capitalization of $301.73 billion, a PE ratio of 28.04, a PEG ratio of 3.74 and a beta of 0.45. The business has a 50-day moving average price of $71.06 and a two-hundred day moving average price of $68.70.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. Equities research analysts expect that CocaCola Company will post 2.96 EPS 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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

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.