U.S. Capital Wealth Advisors LLC Acquires 11,476 Shares of CocaCola Company (The) (NYSE:KO)

U.S. Capital Wealth Advisors LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,457 shares of the company's stock after acquiring an additional 11,476 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in CocaCola were worth $14,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sage Financial Management Group Inc. bought a new position in CocaCola during the first quarter worth $216,000. Voleon Capital Management LP bought a new position in CocaCola during the fourth quarter worth $2,513,000. Cornerstone Wealth Management LLC lifted its stake in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after purchasing an additional 3,920 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in CocaCola by 31.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company's stock worth $52,851,000 after purchasing an additional 204,681 shares during the last quarter. Finally, StoneX Group Inc. lifted its stake in CocaCola by 80.0% during the fourth quarter. StoneX Group Inc. now owns 51,775 shares of the company's stock worth $3,224,000 after purchasing an additional 23,009 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Royal Bank Of Canada increased their target price on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $76.27.

CocaCola Price Performance

KO stock traded down $0.81 during trading on Tuesday, hitting $70.21. The company had a trading volume of 4,148,584 shares, compared to its average volume of 16,135,021. 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 $302.18 billion, a P/E ratio of 28.09, a P/E/G ratio of 3.74 and a beta of 0.45. The company has a fifty day moving average price of $71.06 and a two-hundred day moving average price of $68.70. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated 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 owned 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at approximately $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 worth $29,923,985 in the last quarter. Corporate insiders own 0.97% of the company's stock.

CocaCola Company 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.