Aspiriant LLC Has $1.04 Million Stake in CocaCola Company (The) (NYSE:KO)

Aspiriant LLC decreased its stake in shares of CocaCola Company (The) (NYSE:KO) by 11.5% during the 1st quarter, Holdings Channel reports. The firm owned 14,500 shares of the company’s stock after selling 1,890 shares during the period. Aspiriant LLC’s holdings in CocaCola were worth $1,039,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peachtree Investment Partners LLC raised its stake in CocaCola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company’s stock worth $697,000 after acquiring an additional 157 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of CocaCola by 3.8% during the 1st quarter. Braun Bostich & Associates Inc. now owns 4,308 shares of the company’s stock valued at $309,000 after purchasing an additional 159 shares during the last quarter. Fort Sheridan Advisors LLC increased its holdings in shares of CocaCola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company’s stock worth $311,000 after buying an additional 161 shares in the last quarter. Excalibur Management Corp lifted its stake in shares of CocaCola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company’s stock valued at $1,831,000 after acquiring an additional 161 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its position in CocaCola by 3.0% during the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company’s stock worth $357,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction 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 transaction, the chief financial officer now directly owns 205,511 shares of the company’s stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction on Friday, May 30th. The stock was 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 directly owns 275,946 shares in the company, valued at approximately $19,884,668.76. The trade was a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KO. UBS Group boosted their price target on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Finally, Piper Sandler increased their price target on CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average price target of $76.00.

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 debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. The stock has a market capitalization of $299.61 billion, a PE ratio of 27.84, a P/E/G ratio of 3.70 and a beta of 0.46. The company’s 50 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. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. CocaCola’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, June 13th. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

About CocaCola

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.