11,141 Shares in CocaCola Company (The) (NYSE:KO) Purchased by Advisor Resource Council

Advisor Resource Council bought a new position in CocaCola Company (The) (NYSE:KO) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,141 shares of the company’s stock, valued at approximately $798,000.

A number of other institutional investors have also bought and sold shares of KO. Tallon Kerry Patrick purchased a new position in CocaCola in the 4th quarter worth approximately $241,000. Brighton Jones LLC lifted its stake in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in CocaCola in the 4th quarter worth approximately $24,472,000. Revolve Wealth Partners LLC lifted its stake in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in shares of CocaCola by 12.2% during the 4th 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. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Performance

NYSE:KO opened at $68.84 on Friday. The company has a fifty day simple moving average of $71.50 and a two-hundred day simple moving average of $68.07. The company has a market cap of $296.32 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. 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 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. CocaCola’s payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Royal Bank Of Canada lifted their price target on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $76.00.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 60,326 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer now owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.97% of the company’s stock.

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.