CocaCola Company (The) $KO Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL decreased its position in CocaCola Company (The) (NYSE:KO) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,500 shares of the company’s stock after selling 1,718 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in CocaCola were worth $1,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KO. PFG Advisors lifted its holdings in CocaCola by 23.8% in the second quarter. PFG Advisors now owns 17,144 shares of the company’s stock valued at $1,213,000 after acquiring an additional 3,291 shares during the last quarter. Midwest Trust Co purchased a new stake in CocaCola in the second quarter valued at $21,424,000. Acadian Asset Management LLC raised its position in CocaCola by 23.6% in the second quarter. Acadian Asset Management LLC now owns 1,139,364 shares of the company’s stock valued at $80,588,000 after purchasing an additional 217,812 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CocaCola by 15.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,557,659 shares of the company’s stock worth $1,312,954,000 after purchasing an additional 2,423,914 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of CocaCola by 25.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 35,195 shares of the company’s stock worth $2,490,000 after purchasing an additional 7,134 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Max R. Levchin acquired 7,206 shares of CocaCola stock in a transaction dated Friday, October 24th. The stock was acquired at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the transaction, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the transaction, the executive vice president owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.97% of the stock is currently owned by company insiders.

CocaCola Trading Up 2.2%

Shares of NYSE:KO opened at $70.61 on Friday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company’s 50 day moving average is $67.75 and its two-hundred day moving average is $69.53. The company has a market cap of $303.75 billion, a PE ratio of 23.38, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm had revenue of $11.40 billion for 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 fiscal year.

CocaCola Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. TD Cowen boosted their price target on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upped their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $78.43.

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.