J.W. Cole Advisors Inc. Has $12.11 Million Stake in CocaCola Company (The) (NYSE:KO)

J.W. Cole Advisors Inc. grew its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 93.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,029 shares of the company's stock after acquiring an additional 81,723 shares during the period. J.W. Cole Advisors Inc.'s holdings in CocaCola were worth $12,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the first quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the first quarter worth approximately $30,000. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola during the fourth quarter worth approximately $27,000. Mizuho Securities Co. Ltd. raised its stake in shares of 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 last quarter. Finally, Moser Wealth Advisors LLC raised its stake in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after buying an additional 409 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on 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 transaction, the executive vice president owned 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

KO has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Cfra Research upgraded shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Barclays restated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $76.71.

CocaCola Stock Down 1.0%

Shares of CocaCola stock traded down $0.71 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 firm has a market capitalization of $300.78 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.66 and a beta of 0.45. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. 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 stock has a 50-day moving average of $70.71 and a 200-day 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 the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

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.