CocaCola Company (The) $KO Holdings Raised by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC increased its stake in CocaCola by 376.6%, owning 15,956 shares valued at approximately $1.13 million as of its latest SEC filing.
• CocaCola has a dividend yield of 2.9%, with a quarterly dividend of $0.51 per share expected to be paid on December 15th.
• Current analyst ratings for CocaCola include one Strong Buy and fifteen Buy ratings, with an average target price of approximately $78.31.

Cadinha & Co. LLC lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 376.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,956 shares of the company's stock after purchasing an additional 12,608 shares during the quarter. Cadinha & Co. LLC's holdings in CocaCola were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Sage Financial Management Group Inc. acquired a new position in CocaCola during the first quarter valued at $216,000. Perigon Wealth Management LLC raised its stake in shares of CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock valued at $9,209,000 after acquiring an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CocaCola by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock worth $2,212,300,000 after acquiring an additional 1,794,561 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CocaCola in the 2nd quarter worth $22,443,000. Finally, Roundview Capital LLC increased its position in shares of CocaCola by 9.1% during the second quarter. Roundview Capital LLC now owns 34,965 shares of the company's stock valued at $2,474,000 after purchasing an additional 2,923 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Stock Performance

KO opened at $70.73 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The business has a 50 day moving average of $67.81 and a 200-day moving average of $69.70. The stock has a market cap of $304.38 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.71 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 45.63% and a net margin of 27.34%.The business had revenue of $11.40 billion for the quarter. On average, equities research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola's payout ratio is currently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred 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 transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent analyst reports. BNP Paribas restated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. TD Cowen increased their price objective on shares of CocaCola from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company upped their price target on CocaCola from $75.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday. Piper Sandler increased their target price on CocaCola from $80.00 to $81.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $78.31.

CocaCola Company 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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