Holistic Financial Partners Acquires 3,783 Shares of CocaCola Company (The) (NYSE:KO)

Holistic Financial Partners increased its holdings in shares of CocaCola Company (The) (NYSE:KO) by 91.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,936 shares of the company’s stock after acquiring an additional 3,783 shares during the quarter. Holistic Financial Partners’ holdings in CocaCola were worth $568,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KO. Norges Bank purchased a new stake in CocaCola in the fourth quarter worth $3,402,151,000. Capital International Investors increased its position in CocaCola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company’s stock worth $1,553,337,000 after buying an additional 12,222,885 shares during the last quarter. Franklin Resources Inc. increased its position in CocaCola by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company’s stock worth $2,123,301,000 after buying an additional 6,118,819 shares during the last quarter. GAMMA Investing LLC increased its position in CocaCola by 8,419.4% in the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company’s stock worth $426,927,000 after buying an additional 5,891,034 shares during the last quarter. Finally, Capital Research Global Investors increased its position in CocaCola by 119.0% in the fourth quarter. Capital Research Global Investors now owns 9,458,248 shares of the company’s stock worth $588,871,000 after buying an additional 5,139,352 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO John Murphy sold 88,658 shares of the business’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 completion of the sale, the chief financial officer owned 205,511 shares in the company, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Quincey sold 266,403 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.97% of the company’s stock.

CocaCola Price Performance

NYSE KO opened at $69.15 on Thursday. The business’s fifty day moving average price is $70.74 and its 200-day moving average price is $69.23. The stock has a market capitalization of $297.63 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.65 and a beta of 0.45. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.89. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. The firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 2.95%. CocaCola’s dividend payout ratio is currently 72.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cfra Research upgraded CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research note on Monday. UBS Group decreased their target price on CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average target price of $77.07.

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.