Family Capital Management Inc. Has $397,000 Stock Position in CocaCola Company (The) $KO

Family Capital Management Inc. lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 24.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,618 shares of the company’s stock after acquiring an additional 1,095 shares during the period. Family Capital Management Inc.’s holdings in CocaCola were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the 1st quarter worth $25,000. 1248 Management LLC bought a new stake in CocaCola during the 1st quarter worth $26,000. Ridgewood Investments LLC grew its position in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the last quarter. GFG Capital LLC bought a new stake in CocaCola during the 2nd quarter worth $34,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in CocaCola during the 1st quarter worth $42,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at CocaCola

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

CocaCola Stock Up 4.1%

Shares of CocaCola stock opened at $71.22 on Wednesday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The stock’s 50-day moving average is $67.80 and its 200 day moving average is $69.70. The firm has a market cap of $306.51 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 3.57 and a beta of 0.43.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola’s dividend payout ratio is presently 72.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KO shares. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and an average target price of $77.23.

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.