Koshinski Asset Management Inc. Increases Stock Position in CocaCola Company (The) (NYSE:KO)

Koshinski Asset Management Inc. raised its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,995 shares of the company's stock after acquiring an additional 7,988 shares during the quarter. Koshinski Asset Management Inc.'s holdings in CocaCola were worth $2,793,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola during the first quarter worth about $25,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter worth approximately $30,000. Crowley Wealth Management Inc. purchased a new position in CocaCola during the 4th quarter worth approximately $27,000. Mizuho Securities Co. Ltd. increased its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after buying an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC lifted 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 buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of the company'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 in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on 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 transaction, the chief executive officer directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

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

CocaCola Stock Performance

Shares of KO stock traded up $0.91 during trading hours on Tuesday, reaching $71.66. 21,722,545 shares of the company's stock were exchanged, compared to its average volume of 16,118,396. 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 company's 50 day moving average is $71.21 and its two-hundred day moving average is $68.40. The company has a market cap of $308.44 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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 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 firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. CocaCola's quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business 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 $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is 81.60%.

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.