Wealthfront Advisers LLC Buys 41,573 Shares of CocaCola Company (The) (NYSE:KO)

Wealthfront Advisers LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,272 shares of the company's stock after buying an additional 41,573 shares during the quarter. Wealthfront Advisers LLC's holdings in CocaCola were worth $26,018,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KO. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the first quarter worth $25,000. Garde Capital Inc. acquired a new position in CocaCola in the first quarter valued at about $30,000. Crowley Wealth Management Inc. acquired a new position in CocaCola in the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. grew its stake in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC grew its stake in CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Transactions at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value 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. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KO shares. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. UBS Group upped their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Finally, Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two 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 an average price target of $76.71.

CocaCola Price Performance

Shares of KO stock traded down $0.14 during trading hours on Tuesday, reaching $69.33. The company's stock had a trading volume of 12,635,030 shares, compared to its average volume of 16,346,800. The firm's 50 day simple moving average is $70.85 and its 200-day simple moving average is $68.95. The company has a market capitalization of $298.43 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.64 and a beta of 0.45. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week 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.

CocaCola (NYSE:KO - Get Free Report) last announced its 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. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. CocaCola's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Sell-side analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 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.