TD Private Client Wealth LLC Grows Stake in CocaCola Company (The) (NYSE:KO)

TD Private Client Wealth LLC boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,794 shares of the company's stock after purchasing an additional 21,178 shares during the period. TD Private Client Wealth LLC's holdings in CocaCola were worth $7,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. 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 worth $548,000 after acquiring an additional 293 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in 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 buying an additional 2,072 shares during the period. Proficio Capital Partners LLC increased its holdings in 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 buying an additional 3,426 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new position in CocaCola during the fourth quarter valued at approximately $416,000. Institutional investors own 70.26% of the company's stock.

Insider Activity at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of CocaCola 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 completion of the transaction, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction 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 directly owned 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last three months. Company insiders own 0.97% of the company's stock.

CocaCola Stock Performance

Shares of NYSE:KO traded down $0.91 on Tuesday, hitting $70.10. 3,433,209 shares of the company were exchanged, compared to its average volume of 16,132,605. The firm has a market capitalization of $301.73 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45. The stock's 50 day moving average price is $71.06 and its 200 day moving average price is $68.70. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57.

CocaCola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.51 per share. 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 2.91%. CocaCola's dividend payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. UBS Group lifted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Cfra Research raised shares of CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $76.27.

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.