Nilsine Partners LLC Buys 5,329 Shares of CocaCola Company (The) (NYSE:KO)

Nilsine Partners LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,185 shares of the company’s stock after acquiring an additional 5,329 shares during the period. Nilsine Partners LLC’s holdings in CocaCola were worth $3,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola in the 4th quarter valued at about $27,000. Mainstream Capital Management LLC bought a new position in CocaCola during the 4th quarter valued at approximately $31,000. Mizuho Securities Co. Ltd. raised its position in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the last quarter. REAP Financial Group LLC raised its position in CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in CocaCola during the 4th quarter valued at approximately $38,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Down 0.5%

Shares of NYSE:KO opened at $68.84 on Friday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a market capitalization of $296.32 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.63 and a beta of 0.46. The stock has a 50 day moving average price of $71.50 and a 200-day moving average price of $68.03. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.96%. CocaCola’s payout ratio is currently 81.60%.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was 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. This represents a 30.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 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. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last 90 days. Insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on KO shares. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Cfra Research raised CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price target on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. 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 stock has an average rating of “Buy” and a consensus price target of $76.00.

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.