Aljian Capital Management LLC Buys Shares of 2,828 CocaCola Company (The) (NYSE:KO)

Aljian Capital Management LLC bought a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,828 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of the stock. Convergence Financial LLC acquired a new position in CocaCola during the 1st quarter valued at about $235,000. CFM Wealth Partners LLC increased its stake in CocaCola by 3.1% during the 1st quarter. CFM Wealth Partners LLC now owns 68,152 shares of the company’s stock valued at $4,881,000 after buying an additional 2,025 shares during the period. Colonial River Investments LLC increased its stake in CocaCola by 51.1% during the 1st quarter. Colonial River Investments LLC now owns 10,336 shares of the company’s stock valued at $740,000 after buying an additional 3,497 shares during the period. WealthBridge Capital Management LLC increased its stake in CocaCola by 7.1% during the 1st quarter. WealthBridge Capital Management LLC now owns 3,585 shares of the company’s stock valued at $257,000 after buying an additional 238 shares during the period. Finally, Little House Capital LLC increased its stake in CocaCola by 1.6% during the 1st quarter. Little House Capital LLC now owns 21,233 shares of the company’s stock valued at $1,521,000 after buying an additional 326 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

CocaCola stock opened at $70.42 on Friday. The firm’s 50 day simple moving average is $71.25 and its 200-day simple moving average is $68.32. The company has a market cap of $303.11 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. 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 Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, June 13th. CocaCola’s dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research note on Thursday, March 27th. UBS Group lifted their price objective on shares of CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $76.27.

Insider Buying and Selling

In other CocaCola news, CFO John Murphy sold 88,658 shares of CocaCola stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of CocaCola stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is owned by company insiders.

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.