CocaCola Company (The) (NYSE:KO) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 55.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,831 shares of the company's stock after acquiring an additional 5,988 shares during the quarter. Proficio Capital Partners LLC's holdings in CocaCola were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings 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 acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in CocaCola by 3.4% in the 4th 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 increased its holdings 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 worth $1,189,000 after purchasing an additional 2,072 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of CocaCola in the fourth quarter worth $81,000. Finally, Hillsdale Investment Management Inc. increased its stake in CocaCola by 43.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 794 shares of the company's stock worth $49,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Down 0.3%

Shares of NYSE:KO traded down $0.18 during trading hours on Friday, hitting $68.92. 5,887,266 shares of the company's stock traded hands, compared to its average volume of 17,323,570. The firm has a market capitalization of $296.67 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 3.61 and a beta of 0.45. The business has a fifty day moving average price of $70.69 and a 200-day moving average price of $69.28. 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 current ratio of 1.21 and a quick ratio of 0.89.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. CocaCola's dividend payout ratio is presently 72.34%.

Wall Street Analysts Forecast Growth

KO has been the topic of several research reports. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group reduced their target price on shares of CocaCola from $86.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday. Finally, Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CocaCola has a consensus rating of "Buy" and an average target price of $77.21.

Insider Buying and Selling at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm's 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 owned 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were 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. The trade was a 30.14% decrease in their position. 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. 0.97% 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.