Xponance Inc. Purchases 12,178 Shares of CocaCola Company (The) (NYSE:KO)

Xponance Inc. boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 773,703 shares of the company's stock after buying an additional 12,178 shares during the quarter. CocaCola makes up about 0.5% of Xponance Inc.'s portfolio, making the stock its 26th biggest position. Xponance Inc.'s holdings in CocaCola were worth $55,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola during the 1st quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new stake in CocaCola during the fourth quarter worth $27,000. Garde Capital Inc. bought a new stake in CocaCola during the first quarter worth $30,000. Mizuho Securities Co. Ltd. lifted its stake in 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 acquiring an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC grew its position 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 during the period. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KO shares. Royal Bank Of Canada upped their target price on shares of CocaCola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on CocaCola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. UBS Group lifted their target price on CocaCola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley reaffirmed an "overweight" rating and set a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, Cfra Research upgraded 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, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $76.71.

CocaCola Trading Up 0.5%

KO opened at $69.80 on Friday. The stock has a market capitalization of $300.46 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.64 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a 50-day simple moving average of $70.93 and a 200 day simple moving average of $68.77.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, June 13th. CocaCola's dividend payout ratio is presently 81.60%.

Insider Activity

In related news, CEO James Quincey sold 266,403 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction dated 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 in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,387 shares of company stock worth $29,923,985. 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.

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