Members Wealth LLC Makes New $1.37 Million Investment in The Coca-Cola Company (NYSE:KO)

Members Wealth LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 19,918 shares of the company’s stock, valued at approximately $1,369,000. Coca-Cola accounts for 1.0% of Members Wealth LLC’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the fourth quarter worth $31,000. REAP Financial Group LLC boosted its holdings in Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Coca-Cola during the fourth quarter worth $38,000. Finally, Hoey Investments Inc. raised its holdings in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after buying an additional 181 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In related news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company’s stock, valued at $3,749,745.02. This trade represents a 32.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares of the company’s stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,761 shares of company stock worth $16,474,587 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cfra Research upgraded Coca-Cola to a “strong-buy” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Royal Bank of Canada upped their price objective on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley lifted their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group upped their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $75.81.

Coca-Cola Stock Down 0.1%

Shares of NYSE:KO opened at $71.73 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market cap of $308.75 billion, a P/E ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company’s 50-day moving average price is $71.18 and its two-hundred day moving average price is $67.11.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. As a group, research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.84%. Coca-Cola’s dividend payout ratio is currently 81.60%.

About Coca-Cola

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.