M Holdings Securities Inc. Purchases New Shares in CocaCola Company (The) $KO

Key Points

• M Holdings Securities Inc. acquired 18,813 shares of CocaCola Company valued at approximately $1,347,000 during the first quarter, as reported in its 13F filing with the SEC.
• CocaCola recently declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 2.9%.
• CEO James Quincey sold 266,403 shares at an average price of $72.06, marking a significant decrease in his ownership by 49.12%.

M Holdings Securities Inc. purchased a new stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,813 shares of the company's stock, valued at approximately $1,347,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of CocaCola by 12.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after purchasing an additional 2,072 shares during the period. Renaissance Technologies LLC grew its position in shares of CocaCola by 59.6% in the fourth quarter. Renaissance Technologies LLC now owns 5,013 shares of the company's stock valued at $310,000 after purchasing an additional 1,873 shares during the period. Finally, Freedom Investment Management Inc. grew its position in shares of CocaCola by 17.2% in the fourth quarter. Freedom Investment Management Inc. now owns 7,302 shares of the company's stock valued at $455,000 after purchasing an additional 1,071 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Price Performance

CocaCola stock opened at $69.92 on Monday. The company's 50 day simple moving average is $70.02 and its 200-day simple moving average is $70.20. The company has a market capitalization of $300.91 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44. 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 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. As a group, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's payout ratio is 72.34%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KO shares. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, UBS Group lowered their price target on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus price target of $77.21.

Insider Buying and Selling

In related news, CEO James Quincey sold 266,403 shares of CocaCola 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 owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by 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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