Aberdeen Group plc Buys 216,752 Shares of CocaCola Company (The) $KO

Aberdeen Group plc raised its stake in CocaCola Company (The) (NYSE:KO) by 5.0% in the second quarter, Holdings Channel reports. The fund owned 4,557,668 shares of the company’s stock after purchasing an additional 216,752 shares during the quarter. CocaCola accounts for approximately 0.5% of Aberdeen Group plc’s investment portfolio, making the stock its 24th largest holding. Aberdeen Group plc’s holdings in CocaCola were worth $322,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. New Republic Capital LLC boosted its position in CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after buying an additional 139 shares during the period. Alteri Wealth LLC boosted its position in CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock worth $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC boosted its position in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after buying an additional 142 shares during the period. Deseret Mutual Benefit Administrators boosted its position in CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock worth $1,439,000 after buying an additional 143 shares during the period. Finally, MBA Advisors LLC boosted its position in CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock worth $891,000 after buying an additional 143 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several recent research reports. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday. UBS Group lowered 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. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the firm’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 transaction of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Up 1.0%

CocaCola stock opened at $67.05 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The firm has a 50 day moving average price of $68.06 and a two-hundred day moving average price of $69.85. The firm has a market cap of $288.55 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. Equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

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.