Kanawha Capital Management LLC Buys 3,887 Shares of CocaCola Company (The) (NYSE:KO)

Kanawha Capital Management LLC boosted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,888 shares of the company's stock after purchasing an additional 3,887 shares during the quarter. Kanawha Capital Management LLC's holdings in CocaCola were worth $13,242,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola in the first quarter valued at approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the fourth quarter valued at approximately $27,000. Garde Capital Inc. acquired a new position in shares of CocaCola in the first quarter valued at approximately $30,000. Mainstream Capital Management LLC acquired a new position in shares of CocaCola in the fourth quarter valued at approximately $31,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In related news, 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 sale, the chief executive officer owned 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 205,511 shares of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

NYSE KO traded up $0.28 on Friday, hitting $71.19. 9,440,457 shares of the stock were exchanged, compared to its average volume of 16,160,583. The company has a market capitalization of $306.42 billion, a PE ratio of 28.48, a P/E/G ratio of 3.72 and a beta of 0.45. 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 business's fifty day moving average is $71.10 and its 200 day moving average is $68.50. CocaCola Company has a 52 week low of $60.62 and a 52 week 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. CocaCola's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. Research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola's payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KO. UBS Group boosted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada boosted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $76.27.

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.