Mayfair Advisory Group LLC Has $1.21 Million Stock Position in CocaCola Company (The) (NYSE:KO)

Mayfair Advisory Group LLC decreased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,941 shares of the company’s stock after selling 602 shares during the quarter. Mayfair Advisory Group LLC’s holdings in CocaCola were worth $1,213,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KO. Crowley Wealth Management Inc. bought a new stake in shares of CocaCola during the 4th quarter worth $27,000. Mainstream Capital Management LLC bought a new stake in shares of CocaCola during the 4th quarter worth $31,000. REAP Financial Group LLC boosted its holdings in shares of CocaCola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock worth $35,000 after buying an additional 208 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of CocaCola during the 4th quarter worth $38,000. Finally, Hoey Investments Inc. boosted its holdings in shares of CocaCola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity 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 shares were 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 now directly owns 275,946 shares of the company’s stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock valued at $29,923,985 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $69.61 on Wednesday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a 50 day moving average of $71.60 and a 200-day moving average of $67.95. 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 cap of $299.61 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 3.70 and a beta of 0.46.

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

CocaCola Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.93%. CocaCola’s payout ratio is 81.60%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Piper Sandler increased their price target on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 28th. UBS Group increased their price target on shares of CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $76.00.

CocaCola Company 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.