Stillwater Wealth Management Group Acquires 3,716 Shares of CocaCola Company (The) (NYSE:KO)

Stillwater Wealth Management Group lifted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,630 shares of the company's stock after acquiring an additional 3,716 shares during the quarter. CocaCola makes up about 1.9% of Stillwater Wealth Management Group's portfolio, making the stock its 28th biggest holding. Stillwater Wealth Management Group's holdings in CocaCola were worth $2,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MorganRosel Wealth Management LLC bought a new stake in CocaCola in the 1st quarter valued at $25,000. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola during the 4th quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of CocaCola during the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. lifted its position in shares of CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after acquiring an additional 360 shares during the period. Finally, REAP Financial Group LLC lifted its position in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. UBS Group upped their target price on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Barclays reiterated an "overweight" rating on shares of CocaCola in a research report on Thursday, March 27th. JPMorgan Chase & Co. upped their target price on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Royal Bank Of Canada boosted their price target on CocaCola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $76.71.

CocaCola Price Performance

KO traded up $0.12 on Friday, reaching $69.89. The stock had a trading volume of 12,910,766 shares, compared to its average volume of 16,309,945. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a 50-day moving average of $70.90 and a 200-day moving average of $68.82. 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 company has a market capitalization of $300.83 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45.

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, 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 business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

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

Insider Activity

In other news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 205,511 shares of the company's stock, 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. Over 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 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.