CocaCola Company (The) $KO Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 4.6% in the second quarter, Holdings Channel.com reports. The fund owned 43,589 shares of the company’s stock after selling 2,089 shares during the quarter. CocaCola makes up approximately 1.1% of Aurdan Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Aurdan Capital Management LLC’s holdings in CocaCola were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. 1248 Management LLC acquired a new position in shares of CocaCola during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares during the last quarter. Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares during the last quarter. GFG Capital LLC acquired a new position in shares of CocaCola during the second quarter valued at approximately $34,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of CocaCola in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In other CocaCola 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Max R. Levchin purchased 7,206 shares of the stock in a transaction dated Friday, October 24th. The shares were purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the completion of the transaction, the director owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on KO. UBS Group cut 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. Wells Fargo & Company increased their price target on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Finally, TD Cowen increased their price target on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $78.31.

CocaCola Price Performance

KO stock opened at $68.94 on Friday. The business has a fifty day moving average of $67.73 and a two-hundred day moving average of $69.67. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The stock has a market cap of $296.56 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. As a group, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

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.