ORG Wealth Partners LLC Boosts Stock Holdings in CocaCola Company (The) (NYSE:KO)

ORG Wealth Partners LLC grew its position in CocaCola Company (The) (NYSE:KO - Free Report) by 962.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,281 shares of the company's stock after buying an additional 6,596 shares during the period. ORG Wealth Partners LLC's holdings in CocaCola were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KO. Peachtree Investment Partners LLC grew its holdings in CocaCola by 1.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after buying an additional 157 shares during the period. Braun Bostich & Associates Inc. grew its holdings in CocaCola by 3.8% in the 1st quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company's stock valued at $309,000 after buying an additional 159 shares during the period. Fort Sheridan Advisors LLC lifted its position in CocaCola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after acquiring an additional 161 shares in the last quarter. Excalibur Management Corp lifted its position in CocaCola by 0.6% during the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after acquiring an additional 161 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its position in CocaCola by 3.0% during the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock worth $357,000 after acquiring an additional 167 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

Shares of KO stock opened at $69.15 on Thursday. 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 Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock's 50-day moving average is $71.59 and its two-hundred day moving average is $67.96. The firm has a market cap of $297.63 billion, a P/E ratio of 27.66, a PEG ratio of 3.65 and a beta of 0.46.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola's dividend payout ratio is 81.60%.

Insider Buying and Selling at CocaCola

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 stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock valued at $29,923,985 in the last 90 days. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KO. Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. 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 research report on Thursday, March 27th. JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Morgan Stanley reissued an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $76.00.

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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