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

Walkner Condon Financial Advisors LLC increased its position in CocaCola Company (The) (NYSE:KO) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the company’s stock after acquiring an additional 365 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in CocaCola were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Peachtree Investment Partners LLC boosted its holdings in CocaCola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company’s stock valued at $697,000 after acquiring an additional 157 shares during the last quarter. Braun Bostich & Associates Inc. boosted its holdings in CocaCola by 3.8% in the first quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company’s stock valued at $309,000 after acquiring an additional 159 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in CocaCola by 3.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company’s stock valued at $311,000 after acquiring an additional 161 shares during the last quarter. Excalibur Management Corp boosted its holdings in CocaCola by 0.6% in the fourth quarter. Excalibur Management Corp now owns 29,412 shares of the company’s stock valued at $1,831,000 after acquiring an additional 161 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its holdings in CocaCola by 3.0% in the fourth quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company’s stock valued at $357,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Up 1.4%

Shares of NYSE KO opened at $69.77 on Tuesday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a market cap of $300.31 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.61 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 stock’s 50-day simple moving average is $71.45 and its 200-day simple moving average is $68.16.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KO. UBS Group lifted their target price on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Cfra Research upgraded CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Morgan Stanley reissued an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. 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. Finally, Royal Bank Of Canada raised their price objective on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $76.00.

Insider Transactions at CocaCola

In related news, CFO John Murphy sold 88,658 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction dated 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 approximately $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.90% of the stock is currently owned by insiders.

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.