CocaCola Company (The) $KO Position Cut by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. has reduced its stake in CocaCola by 3.3%, holding 117,978 shares valued at approximately $8.35 million after selling 4,030 shares in the second quarter.
• CocaCola recently declared a quarterly dividend of $0.51 per share, set to be paid on December 15th, representing a 3.0% annual yield.
• Analysts maintain a consensus rating of "Buy" for CocaCola, with a target price averaging $76.69 per share, despite some recent adjustments from various brokerages.

Stratos Wealth Partners LTD. trimmed its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 117,978 shares of the company's stock after selling 4,030 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in CocaCola were worth $8,347,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the first quarter valued at $25,000. 1248 Management LLC acquired a new position in shares of CocaCola during the first quarter valued at $26,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the first quarter valued at $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC increased its holdings in shares of 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 purchasing an additional 285 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KO. Wells Fargo & Company lowered their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of "Buy" and a consensus target price of $76.69.

Insiders Place Their Bets

In related 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 value of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.97% of the company's stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $68.45 on Friday. 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 company's 50-day moving average price is $67.84 and its two-hundred day moving average price is $69.73. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market cap of $294.60 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.52 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion for the quarter. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is currently 72.34%.

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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