Mutual Advisors LLC Has $4.14 Million Stock Position in CocaCola Company (The) (NYSE:KO)

Mutual Advisors LLC cut its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 17.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,507 shares of the company's stock after selling 12,106 shares during the period. Mutual Advisors LLC's holdings in CocaCola were worth $4,135,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KO. Deseret Mutual Benefit Administrators boosted its holdings in CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after purchasing an additional 143 shares during the last quarter. Navis Wealth Advisors LLC lifted its holdings in shares of CocaCola by 4.2% during the 1st quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock valued at $257,000 after buying an additional 146 shares during the period. Peachtree Investment Partners LLC boosted its stake in shares of CocaCola by 1.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after buying an additional 157 shares during the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of CocaCola by 3.8% in the first quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock worth $309,000 after acquiring an additional 159 shares during the period. Finally, Excalibur Management Corp increased its position in CocaCola by 0.6% during the fourth quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KO. Cfra Research raised CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. UBS Group lifted their price target on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada upped their price objective on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, CocaCola presently has an average rating of "Buy" and an average price target of $76.27.

CocaCola Stock Performance

Shares of NYSE KO opened at $71.19 on Friday. The company has a market cap of $306.42 billion, a P/E ratio of 28.48, a P/E/G ratio of 3.72 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 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The firm's fifty day moving average is $71.10 and its two-hundred day moving average is $68.50.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, 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 issued a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction 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 owned 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by corporate insiders.

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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