Legacy Advisors LLC Buys 10,705 Shares of CocaCola Company (The) (NYSE:KO)

Legacy Advisors LLC lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 39.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,611 shares of the company's stock after buying an additional 10,705 shares during the quarter. Legacy Advisors LLC's holdings in CocaCola were worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after buying an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares during the period. Bank Pictet & Cie Europe AG lifted its position 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 valued at $1,189,000 after acquiring an additional 2,072 shares in the last quarter. TCW Group Inc. boosted its stake in shares of CocaCola by 0.6% in the fourth quarter. TCW Group Inc. now owns 143,814 shares of the company's stock worth $8,954,000 after acquiring an additional 877 shares during the period. Finally, Howard Capital Management Inc. grew its position in shares of CocaCola by 6.5% during the fourth quarter. Howard Capital Management Inc. now owns 26,050 shares of the company's stock worth $1,622,000 after purchasing an additional 1,599 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction 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 now directly owns 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. UBS Group boosted their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $76.27.

CocaCola Trading Down 0.8%

KO traded down $0.55 on Wednesday, hitting $69.66. The company had a trading volume of 12,536,081 shares, compared to its average volume of 16,023,575. 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 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. The business's fifty day simple moving average is $71.38 and its 200 day simple moving average is $68.18. The company has a market cap of $299.84 billion, a PE ratio of 27.86, a PEG ratio of 3.68 and a beta of 0.46.

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

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is 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.