Omnia Family Wealth LLC Has $300,000 Stock Holdings in CocaCola Company (The) (NYSE:KO)

Omnia Family Wealth LLC boosted its stake in CocaCola Company (The) (NYSE:KO) by 35.2% in the first quarter, HoldingsChannel reports. The firm owned 4,164 shares of the company’s stock after buying an additional 1,085 shares during the period. Omnia Family Wealth LLC’s holdings in CocaCola were worth $300,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Garde Capital Inc. acquired a new stake in CocaCola in the first quarter worth $30,000. Crowley Wealth Management Inc. acquired a new stake in CocaCola in the fourth quarter worth $27,000. Mizuho Securities Co. Ltd. grew its holdings in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the period. Moser Wealth Advisors LLC grew its holdings in CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock worth $36,000 after purchasing an additional 409 shares during the period. Finally, Mainstream Capital Management LLC acquired a new stake in CocaCola in the fourth quarter worth $31,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada lifted their price objective on shares of CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Piper Sandler lifted their price objective on shares of CocaCola from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, CocaCola has a consensus rating of “Buy” and an average price target of $76.27.

CocaCola Stock Performance

Shares of KO opened at $69.66 on Thursday. The stock has a 50 day moving average of $71.38 and a 200 day moving average of $68.18. 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 capitalization of $299.84 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.68 and a beta of 0.46.

CocaCola (NYSE:KO) last released its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. As a group, sell-side analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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

Insider Buying and Selling at CocaCola

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

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.