Mirabaud & Cie SA Has $1.17 Million Stock Holdings in CocaCola Company (The) $KO

Mirabaud & Cie SA lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 37.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,648 shares of the company’s stock after selling 10,735 shares during the period. Mirabaud & Cie SA’s holdings in CocaCola were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Avanza Fonder AB raised its stake in CocaCola by 7.2% during the 3rd quarter. Avanza Fonder AB now owns 410,756 shares of the company’s stock worth $27,241,000 after buying an additional 27,430 shares during the period. Covea Finance increased its holdings in shares of CocaCola by 32.1% during the third quarter. Covea Finance now owns 434,200 shares of the company’s stock valued at $28,796,000 after acquiring an additional 105,600 shares in the last quarter. Capital Advisors Wealth Management LLC increased its holdings in shares of CocaCola by 6.4% during the third quarter. Capital Advisors Wealth Management LLC now owns 7,673 shares of the company’s stock valued at $509,000 after acquiring an additional 463 shares in the last quarter. Yeomans Consulting Group Inc. raised its position in shares of CocaCola by 88.9% during the third quarter. Yeomans Consulting Group Inc. now owns 69,020 shares of the company’s stock worth $4,609,000 after purchasing an additional 32,478 shares during the period. Finally, VCI Wealth Management LLC bought a new position in shares of CocaCola in the 3rd quarter worth $1,124,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 0.2%

Shares of NYSE KO opened at $69.99 on Friday. The business’s fifty day moving average price is $70.48 and its 200-day moving average price is $69.42. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market capitalization of $301.07 billion, a PE ratio of 23.18, a P/E/G ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

CocaCola (NYSE:KO) last released its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. On average, equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, December 1st. CocaCola’s payout ratio is currently 67.55%.

Insider Buying and Selling at CocaCola

In related news, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the sale, the chief operating officer directly owned 62,621 shares in the company, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Max R. Levchin acquired 7,206 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were bought at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the acquisition, the director directly owned 14,267 shares in the company, valued at $996,835.29. This represents a 102.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 225,252 shares of company stock worth $15,953,007. Company insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cowen restated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Bank of America lifted their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Piper Sandler boosted their target price on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. 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, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $79.08.

CocaCola Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.