Edgestream Partners L.P. Invests $628,000 in CocaCola Company (The) (NYSE:KO)

Edgestream Partners L.P. acquired a new position in CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,770 shares of the company's stock, valued at approximately $628,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the first quarter valued at $25,000. Garde Capital Inc. acquired a new position in CocaCola in the first quarter worth approximately $30,000. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the fourth quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after acquiring an additional 360 shares in the last quarter. Finally, Moser Wealth Advisors LLC increased its stake in shares of CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock worth $36,000 after purchasing an additional 409 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a report on Monday. 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. Finally, UBS Group boosted 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. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $77.13.

CocaCola Trading Up 0.5%

NYSE:KO traded up $0.35 on Monday, hitting $70.20. 17,726,457 shares of the stock were exchanged, compared to its average volume of 16,426,265. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market capitalization of $302.14 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 3.66 and a beta of 0.45. The company's 50-day moving average price is $70.71 and its 200 day moving average price is $69.17.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results 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 net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. CocaCola's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is 81.60%.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.90% of the company's stock.

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.