KPP Advisory Services LLC Raises Stake in CocaCola Company (The) $KO

KPP Advisory Services LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO) by 8.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,835 shares of the company’s stock after purchasing an additional 982 shares during the period. KPP Advisory Services LLC’s holdings in CocaCola were worth $908,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola in the 1st quarter valued at about $25,000. 1248 Management LLC purchased a new stake in shares of CocaCola in the 1st quarter valued at about $26,000. Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. GFG Capital LLC purchased a new stake in shares of CocaCola in the 2nd quarter valued at about $34,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of CocaCola in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.97% of the company’s stock.

CocaCola Price Performance

KO opened at $70.01 on Friday. The stock’s 50 day simple moving average is $67.82 and its 200 day simple moving average is $69.72. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a market cap of $301.32 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 3.69 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The business had revenue of $11.40 billion for the quarter. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. BNP Paribas reiterated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. TD Cowen increased their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, CocaCola currently has an average rating of “Buy” and an average target price of $78.31.

CocaCola 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.