Perfromance Wealth Partners LLC Purchases 6,689 Shares of CocaCola Company (The) $KO

Perfromance Wealth Partners LLC boosted its position in shares of CocaCola Company (The) (NYSE:KO) by 123.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,113 shares of the company’s stock after buying an additional 6,689 shares during the period. Perfromance Wealth Partners LLC’s holdings in CocaCola were worth $857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moran Wealth Management LLC lifted its holdings in shares of CocaCola by 13.5% during the 2nd quarter. Moran Wealth Management LLC now owns 73,247 shares of the company’s stock worth $5,182,000 after acquiring an additional 8,693 shares during the period. Revolve Wealth Partners LLC raised its position in CocaCola by 3.5% during the second quarter. Revolve Wealth Partners LLC now owns 9,087 shares of the company’s stock valued at $643,000 after purchasing an additional 305 shares in the last quarter. Cornerstone Wealth Group LLC lifted its stake in CocaCola by 9.1% during the second quarter. Cornerstone Wealth Group LLC now owns 26,003 shares of the company’s stock worth $1,840,000 after purchasing an additional 2,166 shares during the last quarter. NorthRock Partners LLC boosted its holdings in shares of CocaCola by 4.4% in the 2nd quarter. NorthRock Partners LLC now owns 50,458 shares of the company’s stock valued at $3,595,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of CocaCola by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 334,695 shares of the company’s stock valued at $23,680,000 after purchasing an additional 2,000 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’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. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Stock Performance

CocaCola stock opened at $66.76 on Tuesday. The business has a 50 day moving average of $68.01 and a 200-day moving average of $69.82. The company has a market capitalization of $287.29 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.49 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

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

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s dividend payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. 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.com, the company presently has an average rating of “Buy” and a consensus target price of $76.93.

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.