Two Sigma Securities LLC lowered its stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 77.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,065 shares of the company’s stock after selling 17,393 shares during the period. Two Sigma Securities LLC’s holdings in CocaCola were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Louisbourg Investments Inc. purchased a new stake in CocaCola in the 1st quarter worth $25,000. Guardian Partners Inc. purchased a new position in shares of CocaCola during the second quarter valued at about $27,000. Anfield Capital Management LLC increased its holdings in shares of CocaCola by 438.8% in the fourth quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CocaCola in the second quarter worth about $26,000. Finally, Evolution Wealth Management Inc. lifted its position in shares of CocaCola by 1,081.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 390 shares of the company’s stock worth $27,000 after buying an additional 357 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.
CocaCola Trading Up 0.6%
KO opened at $88.53 on Thursday. The stock has a 50-day moving average of $85.82 and a 200 day moving average of $81.06. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. CocaCola Company has a 12 month low of $65.35 and a 12 month high of $92.49. The firm has a market cap of $380.93 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.43 and a beta of 0.34.
CocaCola Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.4%. CocaCola’s dividend payout ratio (DPR) is currently 63.66%.
Insider Activity at CocaCola
In other CocaCola news, EVP Jennifer K. Mann sold 100,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $79.46, for a total transaction of $7,946,000.00. Following the transaction, the executive vice president owned 181,384 shares in the company, valued at $14,412,772.64. The trade was a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John Murphy sold 152,483 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $87.31, for a total transaction of $13,313,290.73. Following the completion of the sale, the chief financial officer directly owned 279,917 shares in the company, valued at approximately $24,439,553.27. This represents a 35.26% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,586,900 shares of company stock valued at $135,928,617 over the last three months. Corporate insiders own 0.90% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Piper Sandler upped their price objective on CocaCola from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on CocaCola from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Seaport Research Partners set a $95.00 target price on shares of CocaCola in a report on Friday, August 14th. Finally, Wells Fargo & Company boosted their price target on shares of CocaCola from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, CocaCola presently has an average rating of “Moderate Buy” and a consensus price target of $95.76.
Get Our Latest Report on CocaCola
CocaCola Profile
The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.
Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.
Featured Stories
- Five stocks we like better than CocaCola
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).
Receive News & Ratings for CocaCola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CocaCola and related companies with MarketBeat.com's FREE daily email newsletter.
