3,143 Shares in CocaCola Company (The) (NYSE:KO) Acquired by Gill Capital Partners LLC

Gill Capital Partners LLC purchased a new position in CocaCola Company (The) (NYSE:KO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,143 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds also recently modified their holdings of KO. Brighton Jones LLC raised its holdings in CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its holdings in CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in 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 acquiring an additional 2,072 shares during the period. Prudential PLC raised its holdings in CocaCola by 7.1% during the 4th quarter. Prudential PLC now owns 72,074 shares of the company’s stock valued at $4,487,000 after acquiring an additional 4,761 shares during the period. Finally, KCM Investment Advisors LLC raised its holdings in CocaCola by 1.7% during the 4th quarter. KCM Investment Advisors LLC now owns 51,856 shares of the company’s stock valued at $3,229,000 after acquiring an additional 858 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 1.4%

Shares of NYSE:KO opened at $68.87 on Monday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a fifty day moving average of $70.33 and a 200 day moving average of $69.69. The firm has a market capitalization of $296.39 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $12.55 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Analyst Upgrades and Downgrades

KO has been the subject of a number of recent analyst reports. UBS Group reduced their price target on shares of CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $77.21.

Insider Buying and Selling at CocaCola

In other news, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated 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 sale, the executive vice president owned 187,716 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 over the last three months. Company insiders own 0.90% of the company’s stock.

CocaCola Company 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.