CocaCola Company (The) (NYSE:KO) Shares Purchased by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 4.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,328 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Taylor Hoffman Capital Management LLC’s holdings in CocaCola were worth $1,030,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at approximately $25,000. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares in the last quarter. Ridgewood Investments LLC grew its position in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in CocaCola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $70.79 on Tuesday. The business’s fifty day moving average price is $70.10 and its 200 day moving average price is $70.01. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market capitalization of $304.66 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.66 and a beta of 0.44. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

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

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Analysts Set New Price Targets

KO has been the subject of several recent research reports. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Cfra Research raised shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. UBS Group decreased 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. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average target price of $77.21.

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.