Arista Wealth Management LLC Invests $2.82 Million in CocaCola Company (The) $KO

Key Points

• Arista Wealth Management LLC has invested approximately $2.82 million in CocaCola Company, acquiring about 39,859 shares during the second quarter.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola at an average price of $69.10, representing a 15.15% decrease in his position.
• CocaCola announced a quarterly dividend of $0.51 per share, set to be paid on December 15th, with an expected annual yield of 3.0%.

Arista Wealth Management LLC bought a new position in shares of CocaCola Company (The) (NYSE:KO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,859 shares of the company's stock, valued at approximately $2,820,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted 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 valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after acquiring an additional 293 shares during the period. GAMMA Investing LLC lifted its stake in shares of CocaCola by 19.0% during the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock valued at $5,961,000 after acquiring an additional 13,261 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CocaCola by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,151,849 shares of the company's stock valued at $82,496,000 after acquiring an additional 57,315 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of CocaCola by 2.0% during the first quarter. Johnson Investment Counsel Inc. now owns 1,487,846 shares of the company's stock valued at $106,560,000 after acquiring an additional 29,155 shares during the period. Institutional investors own 70.26% of the company's stock.

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 stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Trading Up 0.7%

NYSE:KO opened at $67.54 on Friday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The business's 50-day moving average price is $67.88 and its two-hundred day moving average price is $69.75. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $290.67 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 3.49 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. On average, equities analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola's payout ratio is 72.34%.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Wells Fargo & Company cut their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Finally, BNP Paribas reissued an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $76.69.

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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