Guyasuta Investment Advisors Inc. Grows Holdings in CocaCola Company (The) (NYSE:KO)

Guyasuta Investment Advisors Inc. raised its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,560 shares of the company's stock after purchasing an additional 3,867 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in CocaCola were worth $9,995,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Peachtree Investment Partners LLC increased its holdings in shares of CocaCola by 1.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after acquiring an additional 157 shares during the period. Braun Bostich & Associates Inc. increased its holdings in shares of CocaCola by 3.8% in the 1st quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock valued at $309,000 after acquiring an additional 159 shares during the period. Fort Sheridan Advisors LLC increased its holdings in shares of CocaCola by 3.3% in the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after acquiring an additional 161 shares during the period. Excalibur Management Corp increased its holdings in shares of CocaCola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after acquiring an additional 161 shares during the period. Finally, Tradition Wealth Management LLC increased its holdings in shares of CocaCola by 3.0% in the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Royal Bank Of Canada boosted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley reissued 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 shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of "Buy" and a consensus price target of $76.00.

CocaCola Price Performance

Shares of NYSE KO traded up $0.93 during trading on Monday, hitting $69.77. 20,360,923 shares of the company were exchanged, compared to its average volume of 16,013,380. The company has a market cap of $300.31 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.61 and a beta of 0.46. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm's fifty day moving average price is $71.50 and its 200 day moving average price is $68.11. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping 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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business's revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. CocaCola's dividend payout ratio is presently 81.60%.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 now owns 275,946 shares in the company, 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. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last three months. Corporate insiders own 0.90% of the company's stock.

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.