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

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

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BXM Wealth LLC raised its holdings in shares of CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after buying an additional 144 shares during the period. CapWealth Advisors LLC raised its holdings in shares of CocaCola by 1.5% in the 1st quarter. CapWealth Advisors LLC now owns 185,772 shares of the company's stock valued at $13,305,000 after buying an additional 2,732 shares during the period. 49 Wealth Management LLC raised its holdings in shares of CocaCola by 19.0% in the 1st quarter. 49 Wealth Management LLC now owns 19,900 shares of the company's stock valued at $1,425,000 after buying an additional 3,172 shares during the period. Liberty One Investment Management LLC raised its holdings in shares of CocaCola by 1.5% in the 1st quarter. Liberty One Investment Management LLC now owns 464,526 shares of the company's stock valued at $33,269,000 after buying an additional 6,659 shares during the period. Finally, Stratos Investment Management LLC increased its holdings in CocaCola by 24.5% during the 1st quarter. Stratos Investment Management LLC now owns 29,916 shares of the company's stock worth $2,143,000 after purchasing an additional 5,886 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several recent research reports. Barclays restated an "overweight" rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. UBS Group upped their price target on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Royal Bank Of Canada upped 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. Finally, Cfra Research upgraded CocaCola to a "strong-buy" rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $76.71.

CocaCola Stock Up 0.2%

Shares of KO traded up $0.12 during mid-day trading on Friday, reaching $69.89. The company's stock had a trading volume of 3,845,643 shares, compared to its average volume of 16,255,226. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market cap of $300.84 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The company's 50 day moving average is $70.93 and its 200 day moving average is $68.77.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. Equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid 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 2.92%. CocaCola's dividend payout ratio is presently 81.60%.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer owned 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The transaction 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 the firm's stock in a transaction that occurred on 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 transaction, the executive vice president owned 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last quarter. 0.97% of the stock is owned by insiders.

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.