Impact Capital Partners LLC Acquires 3,192 Shares of The Coca-Cola Company (NYSE:KO)

Impact Capital Partners LLC raised its holdings in The Coca-Cola Company (NYSE:KO) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,340 shares of the company’s stock after buying an additional 3,192 shares during the period. Coca-Cola comprises about 1.4% of Impact Capital Partners LLC’s holdings, making the stock its 14th largest position. Impact Capital Partners LLC’s holdings in Coca-Cola were worth $3,749,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $31,000. REAP Financial Group LLC raised its holdings in shares of Coca-Cola by 57.5% in the fourth 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. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $38,000. Finally, Hoey Investments Inc. raised its holdings in shares of Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after purchasing an additional 181 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Evercore ISI increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Barclays reiterated an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, Morgan Stanley raised their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $75.81.

Insider Transactions at Coca-Cola

In other news, 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 value of $6,391,355.22. Following the completion of the transaction, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Henrique Braun sold 25,277 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This represents a 32.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,664 shares of company stock worth $31,730,532 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

KO opened at $71.37 on Friday. The company has a market capitalization of $307.20 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 3.79 and a beta of 0.46. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $71.39 and a 200-day moving average price of $67.57. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share 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 the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Equities analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola’s payout ratio is 81.60%.

Coca-Cola 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.