CocaCola Company (The) (NYSE:KO) Holdings Raised by TigerOak Management L.L.C.

TigerOak Management L.L.C. boosted its stake in CocaCola Company (The) (NYSE:KO) by 2.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,489 shares of the company’s stock after buying an additional 296 shares during the period. TigerOak Management L.L.C.’s holdings in CocaCola were worth $966,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KO. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola in the 4th quarter worth $27,000. Garde Capital Inc. acquired a new position in CocaCola during the first quarter worth about $30,000. Mainstream Capital Management LLC bought a new stake in CocaCola in the fourth quarter worth about $31,000. Mizuho Securities Co. Ltd. lifted its holdings in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Finally, REAP Financial Group LLC lifted its holdings in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KO. Cfra Research raised shares of CocaCola to a “strong-buy” rating in a research note on Tuesday, April 15th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a research report on Monday, June 9th. Piper Sandler lifted their target price on CocaCola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Royal Bank Of Canada upped their target price 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.27.

Insider Transactions at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the firm’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 transaction of $6,391,355.22. Following the transaction, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $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 ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by insiders.

CocaCola Trading Down 0.8%

NYSE:KO opened at $69.66 on Thursday. The stock has a market cap of $299.84 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The stock’s 50-day moving average is $71.38 and its two-hundred day moving average is $68.18.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for 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 firm posted $0.72 earnings per share. As a group, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola 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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

About CocaCola

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.