VestGen Investment Management Has $335,000 Position in CocaCola Company (The) $KO

VestGen Investment Management boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,741 shares of the company’s stock after buying an additional 180 shares during the period. VestGen Investment Management’s holdings in CocaCola were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC boosted its stake 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 purchasing an additional 285 shares in the last quarter. Finally, GFG Capital LLC acquired a new stake in shares of CocaCola in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE:KO opened at $69.74 on Monday. The stock has a market capitalization of $300.12 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.64 and a beta of 0.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $69.74.

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

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio is 67.55%.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. BNP Paribas reiterated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus price target of $78.31.

Insider Activity at CocaCola

In other 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 value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

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.