Fiduciary Family Office LLC Invests $1.22 Million in CocaCola Company (The) (NYSE:KO)

Key Points

• Fiduciary Family Office LLC invested approximately $1.22 million in CocaCola Company by acquiring 17,000 shares in the first quarter.
• The company reported $12.50 billion in revenue for the quarter, with an EPS of $0.87, exceeding analyst expectations.
• CocaCola has declared a quarterly dividend of $0.51, set to be paid on October 1st, representing an annualized yield of 2.9%.

Fiduciary Family Office LLC purchased a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,000 shares of the company's stock, valued at approximately $1,218,000.

A number of other large investors have also made changes to their positions in KO. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter valued at approximately $25,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. lifted its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares in the last quarter. Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after buying an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC lifted its stake in 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 buying an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 0.6%

Shares of KO stock traded up $0.45 on Monday, reaching $70.79. 10,900,246 shares of the stock were exchanged, compared to its average volume of 14,680,218. The stock has a market cap of $304.66 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 3.66 and a beta of 0.44. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $70.10 and a two-hundred day moving average of $70.01. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the firm posted $0.84 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction 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 company's stock in a transaction dated 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 directly owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KO. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group reduced their target price on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $77.21.

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.