Holistic Financial Partners Boosts Stock Position in CocaCola Company (The) (NYSE:KO)

Holistic Financial Partners grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 91.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,936 shares of the company's stock after buying an additional 3,783 shares during the quarter. Holistic Financial Partners' holdings in CocaCola were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of CocaCola during the fourth quarter valued at $3,402,151,000. Northern Trust Corp lifted its stake in shares of CocaCola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after acquiring an additional 3,811,756 shares during the period. Franklin Resources Inc. lifted its stake in shares of CocaCola by 21.9% during the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after acquiring an additional 6,118,819 shares during the period. Capital International Investors lifted its stake in shares of CocaCola by 96.0% during the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after acquiring an additional 12,222,885 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of CocaCola by 18.2% during the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock valued at $1,529,537,000 after acquiring an additional 3,791,300 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group dropped their price objective on CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday. BNP Paribas restated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and an average price target of $77.21.

Insider Activity at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction that occurred 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 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. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock valued at $29,923,985 over the last 90 days. Insiders own 0.97% of the company's stock.

CocaCola Price Performance

KO stock traded up $0.08 during midday trading on Friday, reaching $69.18. 12,568,414 shares of the stock were exchanged, compared to its average volume of 16,367,130. The stock has a market capitalization of $297.75 billion, a PE ratio of 24.53, a P/E/G ratio of 3.60 and a beta of 0.45. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.89. The company has a fifty day moving average price of $70.64 and a 200 day moving average price of $69.40.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating 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 firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $12.55 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business's revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

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.