Richard C. Young & CO. LTD. Raises Holdings in CocaCola Company (The) (NYSE:KO)

Richard C. Young & CO. LTD. grew its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,255 shares of the company's stock after acquiring an additional 10,458 shares during the quarter. Richard C. Young & CO. LTD.'s holdings in CocaCola were worth $12,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of CocaCola by 12.2% during the 4th 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 in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of CocaCola by 46.2% during the 4th quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock worth $675,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in shares of CocaCola during the 4th quarter worth $718,000. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Down 1.0%

Shares of KO stock traded down $0.71 during mid-day trading on Friday, reaching $69.88. 14,904,122 shares of the stock traded hands, compared to its average volume of 16,389,372. The stock's fifty day simple moving average is $70.73 and its two-hundred day simple moving average is $69.01. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a market cap of $300.78 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating 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 firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given 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 2.92%. CocaCola's dividend payout ratio (DPR) is 81.60%.

Insider Transactions at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last ninety days. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KO shares. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $76.71.

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.