3,462 Shares in The Coca-Cola Company (NYSE:KO) Bought by Schoolcraft Capital LLC

Schoolcraft Capital LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,462 shares of the company's stock, valued at approximately $248,000.

Other large investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its stake in shares of Coca-Cola by 4.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 37,065 shares of the company's stock worth $2,655,000 after purchasing an additional 1,481 shares during the last quarter. Quintet Private Bank Europe S.A. grew its stake in shares of Coca-Cola by 3.3% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 275,248 shares of the company's stock worth $19,713,000 after purchasing an additional 8,909 shares during the last quarter. RMR Wealth Builders grew its stake in shares of Coca-Cola by 6.3% in the 1st quarter. RMR Wealth Builders now owns 20,533 shares of the company's stock worth $1,481,000 after purchasing an additional 1,213 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Coca-Cola by 21.7% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 17,291 shares of the company's stock worth $1,238,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Sky Investment Group LLC grew its stake in shares of Coca-Cola by 0.7% in the 1st quarter. Sky Investment Group LLC now owns 139,143 shares of the company's stock worth $9,965,000 after purchasing an additional 990 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity at Coca-Cola

In other news, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares of the company's stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Quincey sold 266,403 shares of Coca-Cola 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 completion of the transaction, the chief executive officer now directly owns 275,946 shares in the company, 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 quarter, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KO. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Piper Sandler raised their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 target price on shares of Coca-Cola in a report on Monday. Finally, UBS Group raised their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $76.00.

Coca-Cola Stock Down 1.8%

Shares of KO stock traded down $1.30 during trading on Friday, hitting $70.94. 17,424,785 shares of the company were exchanged, compared to its average volume of 15,853,808. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The firm has a market capitalization of $305.36 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 3.79 and a beta of 0.46. The business's 50-day simple moving average is $71.50 and its 200 day simple moving average is $67.80. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

Coca-Cola 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.