TrueMark Investments LLC Has $5.27 Million Holdings in CocaCola Company (The) (NYSE:KO)

TrueMark Investments LLC grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,589 shares of the company's stock after acquiring an additional 7,110 shares during the quarter. CocaCola comprises about 1.4% of TrueMark Investments LLC's investment portfolio, making the stock its 23rd largest holding. TrueMark Investments LLC's holdings in CocaCola were worth $5,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. Peachtree Investment Partners LLC raised its position in CocaCola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after acquiring an additional 157 shares in the last quarter. Braun Bostich & Associates Inc. increased its stake in shares of CocaCola by 3.8% during the 1st quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock worth $309,000 after purchasing an additional 159 shares during the last quarter. Fort Sheridan Advisors LLC increased its stake in shares of CocaCola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after purchasing an additional 161 shares during the last quarter. Excalibur Management Corp raised its holdings in shares of CocaCola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after purchasing an additional 161 shares during the period. Finally, Tradition Wealth Management LLC lifted its stake in CocaCola by 3.0% in the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after purchasing an additional 167 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's 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 now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KO shares. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group lifted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their target price on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CocaCola currently has an average rating of "Buy" and an average price target of $76.00.

CocaCola Price Performance

KO stock traded up $0.46 during midday trading on Tuesday, reaching $70.20. The company had a trading volume of 15,212,841 shares, compared to its average volume of 16,015,591. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock has a 50 day moving average price of $71.42 and a 200-day moving average price of $68.17. 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 has a market capitalization of $302.16 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 3.66 and a beta of 0.46.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 EPS 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CocaCola's payout ratio 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.