CocaCola Company (The) (NYSE:KO) Shares Bought by Members Trust Co

Members Trust Co grew its position in CocaCola Company (The) (NYSE:KO) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,717 shares of the company’s stock after purchasing an additional 1,701 shares during the period. CocaCola makes up 0.1% of Members Trust Co’s holdings, making the stock its 24th largest position. Members Trust Co’s holdings in CocaCola were worth $3,919,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the first quarter valued at $25,000. Garde Capital Inc. purchased a new position in shares of CocaCola during the 1st quarter valued at about $30,000. Crowley Wealth Management Inc. acquired a new position in shares of CocaCola in the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. boosted its stake in shares of 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 buying an additional 360 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its position in CocaCola by 449.5% during the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock valued at $36,000 after acquiring an additional 409 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Down 0.1%

NYSE KO opened at $69.27 on Thursday. The business has a fifty day moving average price of $70.74 and a 200 day moving average price of $68.96. 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 company has a market cap of $298.14 billion, a P/E ratio of 27.71, a P/E/G ratio of 3.64 and a beta of 0.45. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. CocaCola had a net margin of 23.00% and a return on equity of 45.49%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. Research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, June 13th. CocaCola’s dividend payout ratio is currently 81.60%.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 187,716 shares of the company’s stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the business’s 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 $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KO. Barclays restated an “overweight” rating on shares of CocaCola in a research report on Thursday, March 27th. Morgan Stanley restated 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 shares of CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. UBS Group lifted their price target on CocaCola from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $76.71.

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.