Liberty One Investment Management LLC reduced its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 452,056 shares of the company's stock after selling 12,470 shares during the quarter. CocaCola makes up approximately 3.2% of Liberty One Investment Management LLC's investment portfolio, making the stock its 4th largest position. Liberty One Investment Management LLC's holdings in CocaCola were worth $31,983,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sage Financial Management Group Inc. purchased a new stake in shares of CocaCola during the first quarter worth about $216,000. Perigon Wealth Management LLC boosted its position in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock worth $9,209,000 after purchasing an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CocaCola by 6.2% in 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 purchasing an additional 1,794,561 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CocaCola in the 2nd quarter worth approximately $22,443,000. Finally, Roundview Capital LLC raised its stake in shares of CocaCola by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company's stock worth $2,474,000 after buying an additional 2,923 shares during the period. 70.26% of the stock is currently owned by institutional investors.
Insider Buying and Selling at CocaCola
In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.97% of the stock is currently owned by company insiders.
CocaCola Trading Up 0.1%
Shares of KO stock opened at $68.52 on Tuesday. The business's 50 day moving average is $67.79 and its two-hundred day moving average is $69.69. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a market capitalization of $294.90 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.
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 44.91% and a net margin of 25.89%.The firm had revenue of $11.40 billion for the quarter. Equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.
CocaCola Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola's payout ratio is 72.34%.
Wall Street Analyst Weigh In
Several research firms recently commented on KO. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group lowered 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $76.69.
Get Our Latest Research Report on KO
CocaCola Company Profile
(
Free Report)
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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