Second Half Financial Partners LLC Takes $319,000 Position in CocaCola Company (The) $KO

Second Half Financial Partners LLC acquired a new stake in CocaCola Company (The) (NYSE:KO) in the 2nd quarter, Holdings Channel reports. The firm acquired 4,516 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the 1st quarter valued at $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new stake in CocaCola in the 1st quarter valued at $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC grew its position in CocaCola by 148.4% in the 1st 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 period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several research reports. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Wells Fargo & Company reduced their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat, CocaCola presently has an average rating of “Buy” and an average target price of $76.93.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 sale, the insider directly owned 209,513 shares in the company, 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 at this hyperlink. 0.97% of the stock is owned by insiders.

CocaCola Price Performance

KO opened at $67.05 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The company has a market capitalization of $288.55 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. The firm’s fifty day moving average price is $68.06 and its two-hundred day moving average price is $69.85. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

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

CocaCola Dividend Announcement

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

CocaCola Company 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.