Retirement Planning Co of New England Inc. raised its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 149.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,306 shares of the company's stock after purchasing an additional 9,776 shares during the period. Retirement Planning Co of New England Inc.'s holdings in CocaCola were worth $1,168,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after acquiring an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after acquiring an additional 2,072 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of CocaCola by 46.2% in the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after buying an additional 3,426 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of CocaCola in the 4th quarter worth approximately $718,000. Institutional investors own 70.26% of the company's stock.
CocaCola Stock Performance
Shares of KO stock traded down $0.71 on Friday, reaching $69.88. The stock had a trading volume of 14,904,122 shares, compared to its average volume of 16,389,372. The stock has a market cap of $300.78 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. 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 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The company has a 50 day simple moving average of $70.73 and a 200 day simple moving average of $69.01.
CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 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 company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same period last year, the firm earned $0.72 EPS. CocaCola's revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts expect that CocaCola Company will post 2.96 EPS for the current year.
CocaCola Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. CocaCola's dividend payout ratio (DPR) is 81.60%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Cfra Research upgraded CocaCola to a "strong-buy" rating in a research note on Tuesday, April 15th. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. UBS Group upped their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $76.71.
Check Out Our Latest Report on KO
Insider Transactions at CocaCola
In related news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president owned 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 275,946 shares of the company's stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by insiders.
CocaCola Profile
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Free Report)
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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