Insight Inv LLC Takes Position in CocaCola Company (The) (NYSE:KO)

Insight Inv LLC bought a new stake in CocaCola Company (The) (NYSE:KO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 12,978 shares of the company's stock, valued at approximately $929,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after buying an additional 293 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in shares of CocaCola by 12.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after buying an additional 2,072 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of CocaCola during the fourth quarter worth about $5,758,000. Finally, Maripau Wealth Management LLC acquired a new position in CocaCola in the 4th quarter valued at about $234,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

NYSE KO opened at $70.42 on Monday. The business has a 50 day moving average price of $71.25 and a 200 day moving average price of $68.35. The company has a market capitalization of $303.11 billion, a P/E ratio of 28.17, a PEG ratio of 3.69 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 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 announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. CocaCola's dividend payout ratio (DPR) is 81.60%.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Morgan Stanley restated an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $76.27.

Insider Activity at CocaCola

In other news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated 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 now directly owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 275,946 shares in the company, valued at $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. In the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.90% of the stock is owned by corporate insiders.

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.

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