Schechter Investment Advisors LLC Increases Holdings in CocaCola Company (The) (NYSE:KO)

Schechter Investment Advisors LLC grew its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 30.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,657 shares of the company's stock after purchasing an additional 8,619 shares during the quarter. Schechter Investment Advisors LLC's holdings in CocaCola were worth $2,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KO. Brighton Jones LLC lifted its holdings in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of CocaCola by 12.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after acquiring an additional 2,072 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of CocaCola by 46.2% during the fourth quarter. Proficio Capital Partners LLC now owns 10,843 shares of the company's stock valued at $675,000 after acquiring an additional 3,426 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of CocaCola by 21.2% during the fourth quarter. Great Lakes Advisors LLC now owns 18,010 shares of the company's stock valued at $1,121,000 after acquiring an additional 3,148 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KO shares. Morgan Stanley reissued an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Cfra Research raised shares of CocaCola to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, UBS Group lifted their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, CocaCola presently has a consensus rating of "Buy" and an average target price of $76.71.

Insider Buying and Selling

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value 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. The trade was a 24.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction 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 approximately $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 quarter, insiders sold 415,387 shares of company stock valued at $29,923,985. Company insiders own 0.97% of the company's stock.

CocaCola Stock Performance

Shares of NYSE:KO traded up $0.12 during midday trading on Friday, hitting $69.89. The company had a trading volume of 12,910,766 shares, compared to its average volume of 16,338,493. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The company has a market cap of $300.83 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 3.66 and a beta of 0.45. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a fifty day moving average of $70.90 and a two-hundred day moving average of $68.86.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. CocaCola's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, equities research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, June 13th. CocaCola's dividend payout ratio is currently 81.60%.

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.