CocaCola Company (The) $KO Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its holdings in CocaCola Company by 3.2% during the second quarter, acquiring an additional 17,699 shares for a total value of approximately $39.96 million.
• Insider Nikolaos Koumettis sold 37,396 shares at an average price of $69.10, decreasing his position by 15.15%, while retaining 209,513 shares valued at about $14.48 million.
• The company recently declared a quarterly dividend of $0.51 per share, representing an annualized dividend of $2.04 and a yield of 3.0%.

Cwm LLC increased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 564,832 shares of the company's stock after buying an additional 17,699 shares during the quarter. Cwm LLC's holdings in CocaCola were worth $39,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of CocaCola by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after buying an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after buying an additional 16,383,870 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company's stock valued at $2,212,300,000 after buying an additional 1,794,561 shares in the last quarter. Amundi grew its holdings in shares of CocaCola by 16.0% during the first quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after buying an additional 2,922,619 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of CocaCola during the first quarter valued at $1,508,657,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's 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 completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company's stock.

CocaCola Price Performance

Shares of NYSE:KO opened at $67.05 on Friday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business has a 50-day moving average of $68.06 and a two-hundred day moving average of $69.85. The stock has a market capitalization of $288.55 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98.

CocaCola (NYSE:KO - Get Free Report) last announced 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 company had revenue of $11.40 billion during the quarter. On average, equities research analysts predict 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 was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola's payout ratio is currently 72.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday. BNP Paribas reissued an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, UBS Group reduced their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. One equities 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 data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $76.93.

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.