Tradewinds LLC. Boosts Stock Position in CocaCola Company (The) (NYSE:KO)

Tradewinds LLC. lifted its holdings in CocaCola Company (The) (NYSE:KO) by 30.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,679 shares of the company’s stock after purchasing an additional 3,914 shares during the quarter. Tradewinds LLC.’s holdings in CocaCola were worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KO. Sage Financial Management Group Inc. purchased a new position in CocaCola during the first quarter worth $216,000. Voleon Capital Management LP purchased a new position in CocaCola during the fourth quarter worth $2,513,000. Cornerstone Wealth Management LLC boosted its stake in CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after buying an additional 3,920 shares during the period. Clark Capital Management Group Inc. boosted its stake in CocaCola by 31.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock worth $52,851,000 after buying an additional 204,681 shares during the period. Finally, StoneX Group Inc. lifted its position in shares of CocaCola by 80.0% during the fourth quarter. StoneX Group Inc. now owns 51,775 shares of the company’s stock worth $3,224,000 after purchasing an additional 23,009 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business’s 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 sale, the executive vice president owned 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KO. Morgan Stanley reiterated an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. UBS Group lifted their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Cfra Research upgraded CocaCola to a “strong-buy” rating in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada lifted their price objective on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.27.

CocaCola Stock Performance

Shares of CocaCola stock opened at $71.19 on Friday. The company has a market capitalization of $306.42 billion, a PE ratio of 28.48, a P/E/G ratio of 3.74 and a beta of 0.45. 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 company has a 50-day simple moving average of $71.08 and a two-hundred day simple moving average of $68.60. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

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

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CocaCola’s payout ratio is 81.60%.

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.