Swan Global Investments LLC lifted its stake in CocaCola Company (The) (NYSE:KO – Free Report) by 21.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,029 shares of the company’s stock after purchasing an additional 705 shares during the period. Swan Global Investments LLC’s holdings in CocaCola were worth $285,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its holdings in CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares in the last quarter. GAMMA Investing LLC increased its position in shares of CocaCola by 19.0% in the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock valued at $5,961,000 after purchasing an additional 13,261 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of CocaCola in the 1st quarter valued at $798,000. Finally, Garde Capital Inc. purchased a new stake in shares of CocaCola during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
CocaCola Stock Up 1.3%
Shares of NYSE KO opened at $68.45 on Monday. The business has a 50-day moving average price of $67.84 and a 200 day moving average price of $69.69. The stock has a market cap of $294.60 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.
CocaCola Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s dividend payout ratio is currently 72.34%.
Insider Transactions at CocaCola
In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on KO. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus price target of $76.69.
Read Our Latest Analysis on KO
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.
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