CocaCola Company (The) $KO Shares Purchased by Almanack Investment Partners LLC.

Key Points

• Almanack Investment Partners LLC increased its holdings in CocaCola by 31.2% in the second quarter, totaling nearly $1.41 million worth of shares.
• Several hedge funds have recently adjusted their positions in CocaCola, with Mizuho Securities boosting its stake by 360.0% in the first quarter.
• CocaCola announced a quarterly dividend of $0.51, yielding 3.0% on an annualized basis with a dividend payout ratio of 72.34%.

Almanack Investment Partners LLC. boosted its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,938 shares of the company's stock after buying an additional 4,744 shares during the quarter. Almanack Investment Partners LLC.'s holdings in CocaCola were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter worth approximately $25,000. 1248 Management LLC acquired a new position in CocaCola in the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new position in CocaCola in the 1st quarter worth approximately $30,000. Mizuho Securities Co. Ltd. boosted its stake in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock worth $34,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KO. UBS Group decreased their price objective on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Wells Fargo & Company decreased their price objective on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $76.93.

Insider Transactions 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 shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

CocaCola Stock Up 1.0%

KO stock opened at $67.05 on Monday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The company has a market cap of $288.55 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.49 and a beta of 0.43. The company has a 50 day moving average of $68.06 and a two-hundred day moving average of $69.84.

CocaCola (NYSE:KO - Get Free Report) last released its 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 company had revenue of $11.40 billion during the quarter. On average, equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio 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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