SC&H Financial Advisors Inc. Makes New Investment in CocaCola Company (The) (NYSE:KO)

SC&H Financial Advisors Inc. purchased a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 4,028 shares of the company's stock, valued at approximately $288,000.

A number of other large investors have also recently bought and sold shares of the business. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the 4th quarter valued at about $27,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new stake in shares of CocaCola in the 4th quarter valued at about $31,000. Mizuho Securities Co. Ltd. grew its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Finally, REAP Financial Group LLC grew its stake in shares of CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company'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 value of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Quincey sold 266,403 shares of the company'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 value of $19,197,000.18. Following the completion of the transaction, the chief executive officer now owns 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. Over the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of NYSE KO traded up $0.46 during midday trading on Tuesday, reaching $70.20. The company's stock had a trading volume of 15,212,841 shares, compared to its average volume of 16,015,591. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a 50 day moving average price of $71.42 and a 200-day moving average price of $68.17. The stock has a market capitalization of $302.16 billion, a P/E ratio of 28.08, a PEG ratio of 3.66 and a beta of 0.46. 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 (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share 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 firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. CocaCola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Royal Bank Of Canada raised their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Piper Sandler raised their price target on shares of CocaCola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $76.00.

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.