CocaCola Company (The) (NYSE:KO) Holdings Lifted by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 14.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,573 shares of the company's stock after purchasing an additional 5,108 shares during the period. CocaCola comprises 1.6% of Cohen Investment Advisors LLC's holdings, making the stock its 29th biggest holding. Cohen Investment Advisors LLC's holdings in CocaCola were worth $2,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in CocaCola during the 1st quarter worth $25,000. Crowley Wealth Management Inc. purchased a new position in CocaCola during the 4th quarter worth $27,000. Garde Capital Inc. purchased a new position in CocaCola during the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, REAP Financial Group LLC increased its holdings in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group raised their price objective on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, 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. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and an average price target of $76.27.

Insider Buying and Selling at CocaCola

In other news, 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 completion of the sale, the executive vice president directly owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were 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 approximately $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 in the last 90 days. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

NYSE:KO traded up $0.28 during mid-day trading on Friday, reaching $71.19. The stock had a trading volume of 9,440,457 shares, compared to its average volume of 16,160,583. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The firm has a market capitalization of $306.42 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.74 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 business has a 50 day simple moving average of $71.10 and a 200 day simple moving average of $68.50.

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

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, June 13th. 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.