OneAscent Family Office LLC Has $570,000 Holdings in CocaCola Company (The) (NYSE:KO)

OneAscent Family Office LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 130.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,968 shares of the company's stock after buying an additional 4,503 shares during the quarter. OneAscent Family Office LLC's holdings in CocaCola were worth $570,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new position in shares of CocaCola in the fourth quarter valued at $27,000. Garde Capital Inc. acquired a new stake in CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its holdings 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 purchasing an additional 360 shares in the last quarter. Finally, REAP Financial Group LLC increased its stake in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Performance

NYSE KO traded down $0.71 during trading hours on Friday, hitting $69.88. The company had a trading volume of 14,904,122 shares, compared to its average volume of 16,421,020. 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 firm has a market cap of $300.78 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 3.66 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 business has a fifty day simple moving average of $70.71 and a 200-day simple moving average of $69.11.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating 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 company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Activity

In other 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 value of $4,335,629.62. Following the sale, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last three months. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

KO has been the subject of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada increased their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $76.71.

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.