Walker Financial Services Inc. Raises Holdings in CocaCola Company (The) (NYSE:KO)

Walker Financial Services Inc. lifted its stake in CocaCola Company (The) (NYSE:KO) by 5.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,123 shares of the company’s stock after buying an additional 1,470 shares during the quarter. CocaCola makes up 1.2% of Walker Financial Services Inc.’s holdings, making the stock its 11th largest position. Walker Financial Services Inc.’s holdings in CocaCola were worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. MorganRosel Wealth Management LLC purchased a new position in CocaCola during the first quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in CocaCola during the first quarter worth approximately $30,000. Crowley Wealth Management Inc. purchased a new position in CocaCola during the fourth quarter worth approximately $27,000. Mizuho Securities Co. Ltd. boosted its position in CocaCola by 360.0% during 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 in the last quarter. Finally, Moser Wealth Advisors LLC boosted its position in CocaCola by 449.5% during 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 in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KO has been the topic of a number of recent analyst reports. Cfra Research upgraded CocaCola to a “strong-buy” rating in a research report on Tuesday, April 15th. Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research report on Monday, June 9th. 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. Finally, JPMorgan Chase & Co. increased their target price on CocaCola from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $76.71.

CocaCola Price Performance

NYSE:KO opened at $69.89 on Friday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. 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 stock has a market cap of $300.83 billion, a PE ratio of 27.96, a P/E/G ratio of 3.66 and a beta of 0.45. The stock has a 50 day moving average price of $70.90 and a 200 day moving average price of $68.82.

CocaCola (NYSE:KO) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during 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 firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Equities research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. CocaCola’s dividend payout ratio is presently 81.60%.

CocaCola 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.