KCM Investment Advisors LLC Buys 964 Shares of CocaCola Company (The) $KO

KCM Investment Advisors LLC boosted its stake in CocaCola Company (The) (NYSE:KO) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,839 shares of the company’s stock after acquiring an additional 964 shares during the period. KCM Investment Advisors LLC’s holdings in CocaCola were worth $3,668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. 1248 Management LLC bought a new stake in shares of CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its position in 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 boosted its position in 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 stake in CocaCola during the 2nd quarter worth about $34,000. Finally, MMA Asset Management LLC bought a new position in shares of CocaCola in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America increased their price target on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective 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. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Finally, Piper Sandler upped their price objective on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $78.43.

CocaCola Stock Performance

KO opened at $70.61 on Friday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a market cap of $303.75 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 3.57 and a beta of 0.43. The company’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $69.56. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last issued 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 during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. On average, analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Buying and Selling

In other news, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the transaction, the executive vice president owned 37,725 shares in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Max R. Levchin purchased 7,206 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were bought at an average price of $69.87 per share, with a total value of $503,483.22. Following the acquisition, the director directly owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is owned by company insiders.

About CocaCola

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.