CocaCola Company (The) (NYSE:KO) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its position in CocaCola Company (The) (NYSE:KO - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 122,180 shares of the company's stock after acquiring an additional 6,143 shares during the period. Valeo Financial Advisors LLC's holdings in CocaCola were worth $8,751,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the 1st quarter worth $25,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the first quarter valued at about $30,000. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. lifted its stake in shares of CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC lifted its stake in shares of CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company's stock valued at $36,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Trading Up 0.2%

Shares of NYSE KO traded up $0.12 during midday trading on Friday, reaching $69.89. 12,910,766 shares of the stock were exchanged, compared to its average volume of 16,309,945. The company has a market capitalization of $300.83 billion, a P/E ratio of 27.96, a P/E/G ratio of 3.66 and a beta of 0.45. CocaCola Company has a 52-week low of $60.62 and a 52-week 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. The stock has a 50 day moving average price of $70.90 and a 200-day moving average price of $68.82.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.02. The business 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 company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Transactions at CocaCola

In other news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction dated 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 sale, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president owned 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Barclays reiterated an "overweight" rating on shares of CocaCola in a research note on Thursday, March 27th. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a research note on Monday, June 9th. Finally, UBS Group raised their target price on shares of CocaCola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.71.

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.