FSA Advisors Inc. Purchases New Position in CocaCola Company (The) (NYSE:KO)

Key Points

• FSA Advisors Inc. acquired a new position in Coca-Cola, purchasing 3,952 shares valued at approximately $283,000 in the first quarter of the year.
• Coca-Cola reported $0.87 EPS for the last quarter, exceeding analysts' estimates of $0.83, while their revenue was $12.50 billion, just shy of the expected $12.55 billion.
• The company announced a quarterly dividend of $0.51 per share, resulting in an annualized yield of 3.00%, with a payout ratio of 72.34%.

FSA Advisors Inc. purchased a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,952 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. New Republic Capital LLC grew its position in CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after acquiring an additional 139 shares during the last quarter. Alteri Wealth LLC grew its position in CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after buying an additional 143 shares in the last quarter. MBA Advisors LLC boosted its position in CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after buying an additional 143 shares during the period. Finally, BXM Wealth LLC grew its stake in CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock worth $253,000 after acquiring an additional 144 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Performance

Shares of KO opened at $68.10 on Tuesday. The stock has a 50-day moving average of $70.56 and a two-hundred day moving average of $69.50. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock has a market cap of $293.12 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.60 and a beta of 0.45.

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

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.00%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insider Activity

In related news, CFO John Murphy sold 88,658 shares of CocaCola 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 transaction, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on KO shares. Morgan Stanley restated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a report on Monday, July 21st. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group reduced their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $77.21.

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.

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