The Coca-Cola Company (NYSE:KO) Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC lifted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,046 shares of the company's stock after purchasing an additional 4,178 shares during the period. Secure Asset Management LLC's holdings in Coca-Cola were worth $2,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KO. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $31,000. REAP Financial Group LLC raised its holdings in shares of Coca-Cola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after acquiring an additional 208 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola during the 4th quarter worth $38,000. Finally, Hoey Investments Inc. boosted its position in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

Shares of KO traded down $0.48 during mid-day trading on Thursday, hitting $70.89. The company's stock had a trading volume of 12,462,407 shares, compared to its average volume of 15,767,028. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a market capitalization of $305.11 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.79 and a beta of 0.47. The firm has a 50-day simple moving average of $71.41 and a 200 day simple moving average of $67.45.

Coca-Cola (NYSE:KO - Get Free Report) last issued its 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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Wall Street Analyst Weigh In

KO has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. UBS Group boosted their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Piper Sandler upped their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $75.81.

Insider Buying and Selling

In other news, CEO James Quincey sold 266,403 shares of the business'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 of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nikolaos Koumettis sold 55,500 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $71.01, for a total value of $3,941,055.00. Following the sale, the insider now owns 246,909 shares in the company, valued at $17,533,008.09. This trade represents a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 496,164 shares of company stock worth $35,671,587 in the last three months. Corporate insiders own 0.97% of the company's stock.

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.