Joel Isaacson & Co. LLC Raises Position in CocaCola Company (The) (NYSE:KO)

Joel Isaacson & Co. LLC lifted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,094 shares of the company's stock after purchasing an additional 3,675 shares during the period. Joel Isaacson & Co. LLC's holdings in CocaCola were worth $1,511,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Crowley Wealth Management Inc. bought a new position in shares of CocaCola during the 4th quarter valued at $27,000. Garde Capital Inc. bought a new position in shares of CocaCola during the 1st quarter valued at $30,000. Mainstream Capital Management LLC bought a new position in shares of CocaCola during the 4th quarter valued at $31,000. Mizuho Securities Co. Ltd. boosted its position in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Finally, REAP Financial Group LLC boosted its position in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction 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 approximately $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola 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 transaction, the executive vice president now owns 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

CocaCola Stock Up 1.4%

CocaCola stock traded up $0.95 during trading hours on Friday, hitting $70.42. 23,464,409 shares of the stock traded hands, compared to its average volume of 16,098,647. The firm's 50-day moving average price is $71.25 and its two-hundred day moving average price is $68.32. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The company has a market cap of $303.11 billion, a PE ratio of 28.17, a PEG ratio of 3.69 and a beta of 0.46. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. On average, research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, June 13th. CocaCola's 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.