CocaCola Company (The) $KO Stake Boosted by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. boosted its stake in shares of CocaCola Company (The) (NYSE:KO) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,850 shares of the company’s stock after buying an additional 17,313 shares during the period. Mufg Securities Americas Inc.’s holdings in CocaCola were worth $6,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. New Republic Capital LLC grew its stake in CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock valued at $625,000 after purchasing an additional 139 shares in the last quarter. Alteri Wealth LLC grew its holdings in CocaCola by 2.1% during the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after purchasing an additional 140 shares during the last quarter. Requisite Capital Management LLC raised its position in shares of CocaCola by 2.8% in the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after purchasing an additional 142 shares during the period. Paulson Wealth Management Inc. lifted its stake in shares of CocaCola by 2.2% in the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after buying an additional 149 shares during the last quarter. Finally, Summitry LLC boosted its holdings in shares of CocaCola by 1.9% during the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after buying an additional 149 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KO. UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen restated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Bank of America upped their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Finally, Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $78.43.

CocaCola Trading Up 2.5%

Shares of NYSE KO opened at $72.96 on Friday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a 50-day moving average of $68.39 and a two-hundred day moving average of $69.49. The company has a market cap of $313.85 billion, a PE ratio of 24.16, 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 issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. As a group, equities analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Insider Activity

In other CocaCola news, Director Max R. Levchin bought 7,206 shares of CocaCola stock in a transaction dated Friday, October 24th. The shares were bought at an average price of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 225,252 shares of company stock worth $15,953,007. Corporate insiders own 0.97% of the company’s stock.

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.