Dunhill Financial LLC Grows Position in CocaCola Company (The) (NYSE:KO)

Dunhill Financial LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 110.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 910 shares of the company’s stock after acquiring an additional 477 shares during the quarter. Dunhill Financial LLC’s holdings in CocaCola were worth $65,000 at the end of the most recent quarter.

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

CocaCola Stock Down 1.3%

Shares of CocaCola stock opened at $69.61 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a market cap of $299.61 billion, a P/E ratio of 27.84, a PEG ratio of 3.70 and a beta of 0.46. The company’s fifty day simple moving average is $71.60 and its two-hundred day simple moving average is $67.95.

CocaCola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share 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 firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Research 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 will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued 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 dividend payout ratio (DPR) is 81.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KO shares. Piper Sandler upped their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Cfra Research upgraded shares of CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. JPMorgan Chase & Co. boosted their target price on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Finally, Royal Bank Of Canada increased their target price on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $76.00.

Insider Transactions at CocaCola

In other CocaCola news, CEO James Quincey sold 266,403 shares of the firm’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 transaction, the chief executive officer now owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares of the company’s stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,387 shares of company stock valued at $29,923,985. Corporate insiders own 0.90% of the company’s stock.

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.