Cahaba Wealth Management Inc. Purchases 226 Shares of CocaCola Company (The) (NYSE:KO)

Cahaba Wealth Management Inc. boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,927 shares of the company’s stock after acquiring an additional 226 shares during the period. Cahaba Wealth Management Inc.’s holdings in CocaCola were worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. CWM LLC grew its stake in shares of CocaCola by 8.8% in the 1st quarter. CWM LLC now owns 547,133 shares of the company’s stock valued at $39,186,000 after purchasing an additional 44,470 shares during the period. Greatmark Investment Partners Inc. grew its stake in shares of CocaCola by 0.9% in the 1st quarter. Greatmark Investment Partners Inc. now owns 181,301 shares of the company’s stock valued at $12,985,000 after purchasing an additional 1,561 shares during the period. TFR Capital LLC. grew its stake in shares of CocaCola by 182.4% in the 1st quarter. TFR Capital LLC. now owns 11,473 shares of the company’s stock valued at $822,000 after purchasing an additional 7,410 shares during the period. Hughes Financial Services LLC grew its stake in shares of CocaCola by 2.7% in the 1st quarter. Hughes Financial Services LLC now owns 6,547 shares of the company’s stock valued at $471,000 after purchasing an additional 173 shares during the period. Finally, Pittenger & Anderson Inc. grew its stake in shares of CocaCola by 2.6% in the 1st quarter. Pittenger & Anderson Inc. now owns 63,508 shares of the company’s stock valued at $4,548,000 after purchasing an additional 1,588 shares during the period. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Up 0.2%

NYSE KO opened at $69.89 on Friday. The firm has a market cap of $300.83 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.45. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock’s 50 day simple moving average is $70.90 and its 200 day simple moving average is $68.86. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89.

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

CocaCola Dividend Announcement

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

Wall Street Analysts Forecast Growth

KO has been the topic of several analyst reports. Cfra Research upgraded CocaCola to a “strong-buy” rating in a research note on Tuesday, April 15th. UBS Group upped 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. Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Royal Bank Of Canada upped their price objective on CocaCola from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their price target on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus price target of $76.71.

Insider Buying and Selling at CocaCola

In other CocaCola news, CFO John Murphy sold 88,658 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 187,716 shares in the company, 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 ninety days, insiders have sold 415,387 shares of company stock worth $29,923,985. Insiders own 0.97% of the company’s stock.

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.