Motiv8 Investments LLC Has $1.52 Million Stake in CocaCola Company (The) (NYSE:KO)

Motiv8 Investments LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 5.8% in the first quarter, HoldingsChannel.com reports. The fund owned 21,181 shares of the company’s stock after acquiring an additional 1,168 shares during the quarter. CocaCola accounts for 1.0% of Motiv8 Investments LLC’s holdings, making the stock its 27th biggest position. Motiv8 Investments LLC’s holdings in CocaCola were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the fourth quarter worth $27,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter valued at about $30,000. Mainstream Capital Management LLC bought a new stake in CocaCola in the 4th quarter valued at about $31,000. Mizuho Securities Co. Ltd. raised its stake in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after buying an additional 360 shares during the period. Finally, REAP Financial Group LLC raised its stake in 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. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Performance

Shares of KO stock opened at $69.66 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.89 and a current ratio of 1.10. The firm has a market cap of $299.84 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 3.68 and a beta of 0.46. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm’s 50-day simple moving average is $71.38 and its two-hundred day simple moving average is $68.18.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. CocaCola’s dividend payout ratio is currently 81.60%.

Insiders Place Their Bets

In other CocaCola news, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last quarter. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KO. UBS Group raised their price objective on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. 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 raised 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. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.27.

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.