CocaCola Company (The) $KO Shares Bought by J.Safra Asset Management Corp

Key Points

• J.Safra Asset Management Corp significantly increased its stake in CocaCola Company by 208.7% during the second quarter, now owning 16,129 shares valued at approximately $1.13 million.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola's stock, decreasing his ownership by 15.15%, with the transaction valued at over $2.58 million.
• CocaCola's latest quarterly dividend of $0.51 per share represents a 3.1% dividend yield, with the company maintaining a payout ratio of 72.34%.

J.Safra Asset Management Corp raised its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 208.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,129 shares of the company's stock after acquiring an additional 10,905 shares during the period. J.Safra Asset Management Corp's holdings in CocaCola were worth $1,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. New Republic Capital LLC raised its position in shares of CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after buying an additional 139 shares during the period. Alteri Wealth LLC increased its holdings in CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after purchasing an additional 140 shares during the last quarter. Requisite Capital Management LLC increased its holdings in CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock valued at $377,000 after purchasing an additional 142 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after purchasing an additional 143 shares during the last quarter. Finally, MBA Advisors LLC increased its holdings in CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other 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 the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 owned 209,513 shares of the company's stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Trading Down 0.4%

NYSE KO opened at $66.76 on Tuesday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm's fifty day moving average is $68.01 and its two-hundred day moving average is $69.82. The firm has a market cap of $287.29 billion, a PE ratio of 23.67, a P/E/G ratio of 3.49 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 earnings per share (EPS) for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $11.40 billion for the quarter. 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 was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola's payout ratio is currently 72.34%.

Analyst Ratings Changes

Several research firms recently weighed in on KO. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company's stock. According to data from MarketBeat, CocaCola has an average rating of "Buy" and an average price target of $76.93.

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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