CocaCola Company (The) (NYSE:KO) Holdings Increased by ORG Partners LLC

ORG Partners LLC lifted its stake in CocaCola Company (The) (NYSE:KO) by 89.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,390 shares of the company’s stock after acquiring an additional 3,018 shares during the period. ORG Partners LLC’s holdings in CocaCola were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in shares of CocaCola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new stake in CocaCola during the fourth quarter valued at approximately $31,000. REAP Financial Group LLC lifted its stake in CocaCola by 57.5% during the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in CocaCola during the fourth quarter valued at approximately $38,000. Finally, Hoey Investments Inc. lifted its stake in CocaCola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after purchasing an additional 181 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Down 0.5%

CocaCola stock opened at $68.84 on Friday. The firm has a market cap of $296.32 billion, a PE ratio of 27.54, a P/E/G ratio of 3.63 and a beta of 0.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The firm’s 50 day moving average price is $71.50 and its two-hundred day moving average price is $68.03. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. On average, research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.96%. CocaCola’s dividend payout ratio is presently 81.60%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Royal Bank Of Canada increased their target price 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. Barclays reissued an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Cfra Research raised shares of CocaCola to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, Piper Sandler increased their target price on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.00.

Insider Buying and Selling at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer now directly owns 275,946 shares of the company’s stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business’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 transaction of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. 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. 0.97% of the stock is currently owned by company insiders.

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.