Leelyn Smith LLC Acquires 869 Shares of CocaCola Company (The) $KO

Leelyn Smith LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,962 shares of the company’s stock after purchasing an additional 869 shares during the quarter. Leelyn Smith LLC’s holdings in CocaCola were worth $3,040,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KO. Richards Merrill & Peterson Inc. lifted its holdings in CocaCola by 7.7% in the second quarter. Richards Merrill & Peterson Inc. now owns 18,984 shares of the company’s stock valued at $1,343,000 after buying an additional 1,361 shares during the period. Sage Mountain Advisors LLC raised its holdings in shares of CocaCola by 5.9% during the second quarter. Sage Mountain Advisors LLC now owns 26,490 shares of the company’s stock valued at $1,874,000 after purchasing an additional 1,467 shares during the period. AlphaQuest LLC raised its holdings in shares of CocaCola by 8.1% during the second quarter. AlphaQuest LLC now owns 11,226 shares of the company’s stock valued at $794,000 after purchasing an additional 839 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CocaCola by 0.6% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,209,912 shares of the company’s stock valued at $722,351,000 after purchasing an additional 63,581 shares during the period. Finally, West Michigan Advisors LLC raised its holdings in shares of CocaCola by 42.7% during the second quarter. West Michigan Advisors LLC now owns 15,940 shares of the company’s stock valued at $1,135,000 after purchasing an additional 4,771 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 a number of analyst reports. Barclays restated an “overweight” rating on shares of CocaCola in a report on Thursday. Piper Sandler upped their target price on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen upped their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Wells Fargo & Company upped their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat, CocaCola presently has an average rating of “Buy” and a consensus target price of $78.31.

CocaCola Stock Down 0.3%

Shares of NYSE:KO opened at $69.74 on Friday. The firm has a fifty day moving average price of $67.81 and a two-hundred day moving average price of $69.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a market cap of $300.13 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 3.66 and a beta of 0.43.

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. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion during the quarter. Analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s payout ratio is presently 67.55%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction dated 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 sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

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.