Global Assets Advisory LLC Acquires 7,160 Shares of CocaCola Company (The) (NYSE:KO)

Global Assets Advisory LLC lifted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 131.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,615 shares of the company's stock after purchasing an additional 7,160 shares during the period. Global Assets Advisory LLC's holdings in CocaCola were worth $884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garde Capital Inc. purchased a new stake in CocaCola in the first quarter worth about $30,000. Crowley Wealth Management Inc. bought a new position in shares of CocaCola during the 4th quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. increased its holdings in CocaCola by 360.0% in the 1st 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. Moser Wealth Advisors LLC raised its stake in 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 acquiring an additional 409 shares during the period. Finally, Mainstream Capital Management LLC bought a new stake in CocaCola during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Price Performance

Shares of CocaCola stock traded down $0.55 during trading hours on Wednesday, reaching $69.66. The company's stock had a trading volume of 12,536,081 shares, compared to its average volume of 17,460,969. The firm has a 50 day moving average price of $71.42 and a 200-day moving average price of $68.17. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The stock has a market cap of $299.84 billion, a P/E ratio of 27.86, a P/E/G ratio of 3.66 and a beta of 0.46. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KO. UBS Group increased their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Royal Bank Of Canada boosted their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, CocaCola currently has a consensus rating of "Buy" and an average target price of $76.27.

Insider Transactions at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the firm'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 transaction, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now directly owns 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. 0.90% of the stock is currently owned by insiders.

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.