CocaCola Company (The) $KO Shares Bought by J.Safra Asset Management Corp

J.Safra Asset Management Corp boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 208.7% in the second quarter, Holdings Channel.com reports. The firm owned 16,129 shares of the company’s stock after acquiring an additional 10,905 shares during the period. J.Safra Asset Management Corp’s holdings in CocaCola were worth $1,134,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of CocaCola by 19.0% in the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after acquiring an additional 13,261 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of CocaCola by 5.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,151,849 shares of the company’s stock worth $82,496,000 after purchasing an additional 57,315 shares during the last quarter. Finally, Tcfg Wealth Management LLC acquired a new position in shares of CocaCola in the 1st quarter worth approximately $204,000. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KO shares. Wells Fargo & Company dropped their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. UBS Group reduced their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. BNP Paribas restated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.93.

CocaCola Price Performance

NYSE:KO opened at $66.76 on Tuesday. The firm has a market cap of $287.29 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The company’s 50-day moving average price is $68.01 and its two-hundred day moving average price is $69.82.

CocaCola (NYSE:KO) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion for the quarter. On average, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s dividend payout ratio is currently 72.34%.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

CocaCola 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.