CFO4Life Group LLC Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

CFO4Life Group LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 1.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 15,501 shares of the company’s stock after buying an additional 174 shares during the quarter. CFO4Life Group LLC’s holdings in Coca-Cola were worth $948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ZRC Wealth Management LLC increased its holdings in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares in the last quarter. Tidemark LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth approximately $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of Coca-Cola during the first quarter valued at approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new position in Coca-Cola during the fourth quarter valued at approximately $30,000. 70.26% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The disclosure for this sale can be found here. Insiders have sold a total of 822,284 shares of company stock worth $567,718,040 over the last quarter. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of KO traded up $0.94 during trading hours on Friday, reaching $64.04. 4,510,669 shares of the stock traded hands, compared to its average volume of 12,918,553. The company has a market cap of $275.88 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.55 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $63.01 and its two-hundred day moving average price is $61.04. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Wall Street Analyst Weigh In

A number of research firms have commented on KO. Barclays lifted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday. Argus raised their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Morgan Stanley upped their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Finally, UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

About Coca-Cola

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.