TFR Capital LLC. Grows Position in CocaCola Company (The) (NYSE:KO)

TFR Capital LLC. increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 182.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,473 shares of the company's stock after purchasing an additional 7,410 shares during the period. TFR Capital LLC.'s holdings in CocaCola were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KO. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the 1st quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new stake in shares of CocaCola in the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. raised its holdings in shares of CocaCola by 360.0% in 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 in the last quarter. Finally, REAP Financial Group LLC raised its holdings in shares of CocaCola by 57.5% in 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 in the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group raised their price target on CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Cfra Research raised CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price target on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Barclays reaffirmed an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Finally, Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.71.

Insider Transactions at CocaCola

In other news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 owned 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by insiders.

CocaCola Trading Down 0.2%

KO traded down $0.13 on Monday, hitting $69.74. 3,436,510 shares of the company were exchanged, compared to its average volume of 16,289,559. The firm has a fifty day simple moving average of $70.90 and a two-hundred day simple moving average of $68.90. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a market capitalization of $300.19 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company earned $0.72 EPS. CocaCola's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. CocaCola's dividend payout ratio is currently 81.60%.

About CocaCola

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.