CocaCola Company (The) $KO Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC lifted its stake in CocaCola Company (The) (NYSE:KO) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,594 shares of the company’s stock after acquiring an additional 157 shares during the period. Interchange Capital Partners LLC’s holdings in CocaCola were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KO. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in CocaCola during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its stake in CocaCola by 5,142.9% during the second 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 during the last quarter. Ridgewood Investments LLC lifted its stake in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. Finally, GFG Capital LLC acquired a new stake in CocaCola during the second quarter valued at approximately $34,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KO has been the subject of several recent research reports. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday. Barclays reissued an “overweight” rating on shares of CocaCola in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Saturday. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $78.31.

CocaCola Stock Down 0.3%

KO stock opened at $69.74 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 simple moving average is $67.81 and its 200-day simple moving average is $69.74. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $300.13 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.64 and a beta of 0.43.

CocaCola (NYSE:KO) last released 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 for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. As a group, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed 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%.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

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.