Dynasty Wealth Management LLC Makes New Investment in CocaCola Company (The) (NYSE:KO)

Dynasty Wealth Management LLC bought a new stake in CocaCola Company (The) (NYSE:KO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,351 shares of the company's stock, valued at approximately $1,529,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the first quarter valued at approximately $25,000. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola in the fourth quarter valued at approximately $27,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. raised its position in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Trading Down 1.0%

Shares of CocaCola stock traded down $0.71 during trading on Friday, reaching $69.88. The company's stock had a trading volume of 14,904,122 shares, compared to its average volume of 16,389,361. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a market cap of $300.78 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.63 and a beta of 0.45. The firm's 50-day moving average is $70.73 and its two-hundred day moving average is $69.01. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $11.23 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm's revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. CocaCola's dividend payout ratio (DPR) is 81.60%.

Insider Activity

In other CocaCola news, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief executive officer directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada upped 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. JPMorgan Chase & Co. upped their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.71.

CocaCola 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.