CocaCola Company (The) (NYSE:KO) Position Increased by Crew Capital Management Ltd.

Crew Capital Management Ltd. raised its holdings in shares of CocaCola Company (The) (NYSE:KO) by 4.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,563 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Crew Capital Management Ltd.’s holdings in CocaCola were worth $470,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter worth approximately $25,000. Crowley Wealth Management Inc. acquired a new position in CocaCola in the 4th quarter worth approximately $27,000. Garde Capital Inc. acquired a new position in CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, REAP Financial Group LLC boosted its stake in CocaCola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

NYSE:KO opened at $71.19 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm’s fifty day simple moving average is $71.08 and its 200 day simple moving average is $68.60. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $306.42 billion, a PE ratio of 28.48, a PEG ratio of 3.74 and a beta of 0.45.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the business posted $0.72 EPS. CocaCola’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research report on Monday, June 9th. Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, UBS Group increased their target price on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $76.27.

Insider Activity at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $19,197,000.18. Following the completion of the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by insiders.

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.