CocaCola Company (The) (NYSE:KO) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,672,922 shares of the company's stock after acquiring an additional 642,620 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of CocaCola worth $406,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola in the first quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola during the fourth quarter valued at approximately $27,000. Garde Capital Inc. bought a new stake in CocaCola in the first quarter worth $30,000. Mizuho Securities Co. Ltd. increased its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC increased its position in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Trading Up 0.2%

Shares of NYSE KO traded up $0.12 during mid-day trading on Friday, reaching $69.89. 12,910,766 shares of the company's stock were exchanged, compared to its average volume of 16,309,945. The firm has a market capitalization of $300.83 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.66 and a beta of 0.45. 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 52-week low of $60.62 and a 52-week high of $74.38. The company's 50-day moving average is $70.90 and its 200-day moving average is $68.82.

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

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, June 13th. CocaCola's payout ratio is presently 81.60%.

Analyst Ratings Changes

Several brokerages recently weighed in on KO. 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. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. UBS Group lifted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Activity

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola 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 transaction, the executive vice president owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer owned 205,511 shares in the company, 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 quarter, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by company 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.