2,065 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new stake in The Coca-Cola Company (NYSE:KO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,065 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Coca-Cola by 2.5% during the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after buying an additional 1,950,146 shares during the last quarter. Norges Bank bought a new position in shares of Coca-Cola during the 4th quarter worth about $2,808,056,000. Price T Rowe Associates Inc. MD raised its position in shares of Coca-Cola by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock worth $2,390,448,000 after purchasing an additional 2,893,061 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Coca-Cola by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,171,216 shares of the company’s stock worth $894,028,000 after acquiring an additional 814,779 shares in the last quarter. Finally, Vontobel Asset Management Inc. grew its holdings in Coca-Cola by 2.7% during the fourth quarter. Vontobel Asset Management Inc. now owns 14,337,691 shares of the company’s stock worth $890,866,000 after buying an additional 378,447 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at approximately $2,129,621.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock valued at $13,995,465 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Trading Down 0.2 %

Shares of NYSE KO opened at $63.93 on Friday. The business’s 50 day moving average price is $62.55 and its 200-day moving average price is $60.71. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market cap of $275.41 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.62 and a beta of 0.59.

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

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KO. Barclays boosted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Evercore ISI upped their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Argus boosted their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola 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.