Alpha Cubed Investments LLC Grows Position in The Coca-Cola Company (NYSE:KO)

Alpha Cubed Investments LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 438,024 shares of the company’s stock after purchasing an additional 79,677 shares during the period. Coca-Cola makes up 1.4% of Alpha Cubed Investments LLC’s portfolio, making the stock its 20th largest holding. Alpha Cubed Investments LLC’s holdings in Coca-Cola were worth $25,813,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KO. RMR Wealth Builders boosted its position in Coca-Cola by 42.1% in the 3rd quarter. RMR Wealth Builders now owns 28,208 shares of the company’s stock valued at $1,579,000 after buying an additional 8,360 shares during the period. Garrison Asset Management LLC boosted its position in Coca-Cola by 39.6% in the 3rd quarter. Garrison Asset Management LLC now owns 7,262 shares of the company’s stock valued at $407,000 after buying an additional 2,059 shares during the period. Sweet Financial Partners LLC boosted its position in Coca-Cola by 10.2% in the 3rd quarter. Sweet Financial Partners LLC now owns 28,918 shares of the company’s stock valued at $1,619,000 after buying an additional 2,676 shares during the period. Toews Corp ADV purchased a new stake in Coca-Cola in the 3rd quarter valued at about $784,000. Finally, Accurate Wealth Management LLC boosted its position in Coca-Cola by 356.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 53,238 shares of the company’s stock valued at $2,878,000 after buying an additional 41,569 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on KO. Citigroup boosted their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays boosted their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.22.

Coca-Cola Stock Down 0.5 %

Shares of NYSE KO traded down $0.28 during trading hours on Tuesday, hitting $61.76. 19,343,326 shares of the stock were exchanged, compared to its average volume of 14,053,786. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The company has a market cap of $266.26 billion, a PE ratio of 24.88, a PEG ratio of 3.53 and a beta of 0.59. The firm has a fifty day moving average price of $60.17 and a 200-day moving average price of $58.96. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.69.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the business posted $0.68 EPS. Coca-Cola’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. Coca-Cola’s dividend payout ratio is presently 78.23%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 323,107 shares of company stock worth $19,657,742. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Company 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.