Hoxton Planning & Management LLC Takes $339,000 Position in CocaCola Company (The) (NYSE:KO)

Key Points

• Hoxton Planning & Management LLC has acquired a $339,000 position in CocaCola by purchasing 4,730 shares during the first quarter, reflecting increased institutional interest in the company.
• CocaCola reported an earnings per share (EPS) of $0.87 for the quarter, exceeding analysts' estimates, with a net margin of 25.89% and a revenue of $12.50 billion.
• The company announced a quarterly dividend of $0.51 per share, representing a yield of 3.0%, with a payout ratio currently at 72.34%.

Hoxton Planning & Management LLC acquired a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,730 shares of the company's stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola during the first quarter valued at about $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola during the first quarter valued at about $30,000. Mizuho Securities Co. Ltd. increased its position in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after acquiring an additional 285 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its position in shares of CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after acquiring an additional 409 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Down 1.2%

Shares of CocaCola stock opened at $67.90 on Friday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a 50 day moving average of $70.39 and a 200 day moving average of $69.54. 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 company has a market capitalization of $292.23 billion, a P/E ratio of 24.08, a P/E/G ratio of 3.58 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm'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 transaction of $19,197,000.18. Following the sale, the chief executive officer owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KO shares. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. BNP Paribas reissued an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, 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. One 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. According to MarketBeat, the stock 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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