CocaCola Company (The) $KO Shares Sold by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,461 shares of the company’s stock after selling 208 shares during the quarter. KFA Private Wealth Group LLC’s holdings in CocaCola were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KO. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the 1st quarter worth $26,000. Garde Capital Inc. acquired a new stake in shares of CocaCola in the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. increased its stake in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC increased 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 worth $34,000 after acquiring an additional 285 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, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KO has been the subject of several recent analyst reports. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group cut their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday. BNP Paribas reissued an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Finally, Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $76.93.

CocaCola Trading Up 1.0%

Shares of NYSE KO opened at $67.05 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a fifty day simple moving average of $68.06 and a 200-day simple moving average of $69.85. The stock has a market capitalization of $288.55 billion, a PE ratio of 23.78, a PEG ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO) last released its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s payout ratio is 72.34%.

About CocaCola

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.