RKL Wealth Management LLC Raises Position in CocaCola Company (The) (NYSE:KO)

RKL Wealth Management LLC increased its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 98.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,043 shares of the company's stock after purchasing an additional 7,459 shares during the period. RKL Wealth Management LLC's holdings in CocaCola were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators increased its stake in CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after buying an additional 143 shares during the period. Navis Wealth Advisors LLC grew its position in CocaCola by 4.2% in the first quarter. Navis Wealth Advisors LLC now owns 3,594 shares of the company's stock worth $257,000 after acquiring an additional 146 shares in the last quarter. Peachtree Investment Partners LLC grew its position in CocaCola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after acquiring an additional 157 shares in the last quarter. Braun Bostich & Associates Inc. grew its position in 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 in the last quarter. Finally, Excalibur Management Corp grew its position in CocaCola by 0.6% in the fourth 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. 70.26% of the stock is currently owned by institutional investors.

CocaCola Trading Up 0.6%

KO opened at $70.77 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $304.61 billion, a PE ratio of 28.31, a PEG ratio of 3.69 and a beta of 0.46. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a 50-day moving average price of $71.21 and a two-hundred day moving average price of $68.40.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, June 13th. CocaCola's payout ratio is 81.60%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Barclays reissued an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a 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 report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, CocaCola currently has a consensus rating of "Buy" and a consensus target price of $76.27.

Insider Buying and Selling

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 shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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 $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. 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. 0.90% of the stock is owned by insiders.

CocaCola Company 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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