Diversify Advisory Services LLC Has $6.29 Million Holdings in CocaCola Company (The) (NYSE:KO)

Diversify Advisory Services LLC raised its position in CocaCola Company (The) (NYSE:KO - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,887 shares of the company's stock after buying an additional 7,883 shares during the quarter. Diversify Advisory Services LLC's holdings in CocaCola were worth $6,286,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in CocaCola during the 1st quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter valued at about $30,000. Crowley Wealth Management Inc. bought a new stake in CocaCola during the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. increased its holdings in shares of 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, Moser Wealth Advisors LLC grew its position in CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after acquiring an additional 409 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Trading Down 1.0%

NYSE:KO traded down $0.71 during trading hours on Friday, reaching $69.88. 14,904,122 shares of the company were exchanged, compared to its average volume of 16,410,439. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The firm has a market cap of $300.78 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.70 and a beta of 0.45. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock has a 50 day simple moving average of $70.71 and a 200 day simple moving average of $69.07.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The company 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 firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. As a group, analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, September 15th. CocaCola's payout ratio is 81.60%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KO shares. UBS Group boosted their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, 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 research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $76.71.

Insider Buying and Selling at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president owned 187,716 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 in the last ninety days. Company insiders own 0.97% of the company's stock.

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.