Curat Global LLC Makes New $82,000 Investment in The Coca-Cola Company (NYSE:KO)

Curat Global LLC acquired a new stake in The Coca-Cola Company (NYSE:KO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,140 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Generali Investments Management Co LLC lifted its holdings in Coca-Cola by 9.3% in the 1st quarter. Generali Investments Management Co LLC now owns 84,430 shares of the company’s stock valued at $6,047,000 after purchasing an additional 7,193 shares in the last quarter. Riverview Trust Co raised its position in shares of Coca-Cola by 31.3% in the first quarter. Riverview Trust Co now owns 2,265 shares of the company’s stock valued at $162,000 after buying an additional 540 shares during the last quarter. MRA Advisory Group lifted its stake in shares of Coca-Cola by 24.8% during the first quarter. MRA Advisory Group now owns 6,299 shares of the company’s stock valued at $451,000 after buying an additional 1,253 shares during the period. Ullmann Wealth Partners Group LLC boosted its position in Coca-Cola by 5.8% during the first quarter. Ullmann Wealth Partners Group LLC now owns 14,626 shares of the company’s stock worth $1,047,000 after acquiring an additional 801 shares during the last quarter. Finally, Foster Group Inc. grew its stake in Coca-Cola by 28.6% in the 1st quarter. Foster Group Inc. now owns 6,370 shares of the company’s stock worth $456,000 after acquiring an additional 1,416 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada increased their target price on Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Morgan Stanley raised their price target on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Piper Sandler upped their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $75.81.

Coca-Cola Stock Performance

Shares of KO stock opened at $71.37 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company’s fifty day moving average price is $71.39 and its two-hundred day moving average price is $67.57. The firm has a market capitalization of $307.20 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping 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 company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared 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 2.86%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s payout ratio is currently 81.60%.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares in the company, 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. Over the last quarter, insiders sold 440,664 shares of company stock worth $31,730,532. Insiders own 0.97% of the company’s stock.

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.