Moser Wealth Advisors LLC Grows Stake in CocaCola Company (The) (NYSE:KO)

Moser Wealth Advisors LLC grew its stake in CocaCola Company (The) (NYSE:KO) by 449.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the company’s stock after acquiring an additional 409 shares during the quarter. Moser Wealth Advisors LLC’s holdings in CocaCola were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Encompass Wealth Advisors LLC purchased a new position in CocaCola during the 1st quarter worth $208,000. Live Oak Private Wealth LLC grew its stake in CocaCola by 11.7% during the 1st quarter. Live Oak Private Wealth LLC now owns 7,616 shares of the company’s stock valued at $545,000 after purchasing an additional 800 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its stake in CocaCola by 2.2% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 30,408 shares of the company’s stock valued at $2,178,000 after purchasing an additional 650 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in CocaCola by 3.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 28,246 shares of the company’s stock valued at $2,023,000 after purchasing an additional 902 shares during the last quarter. Finally, Cassia Capital Partners LLC grew its stake in CocaCola by 7.6% during the 1st quarter. Cassia Capital Partners LLC now owns 17,581 shares of the company’s stock valued at $1,259,000 after purchasing an additional 1,236 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction that occurred 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 now owns 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm’s stock in a transaction that occurred 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 now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 over the last quarter. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

Shares of KO stock opened at $68.84 on Monday. The company has a market capitalization of $296.32 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.61 and a beta of 0.46. The business’s 50 day moving average is $71.50 and its two-hundred day moving average is $68.11. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.57. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.96%. CocaCola’s dividend payout ratio (DPR) is presently 81.60%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KO shares. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. UBS Group boosted 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. Cfra Research upgraded CocaCola to a “strong-buy” rating in a research note on Tuesday, April 15th. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada upped their target price on CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $76.00.

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.