CocaCola Company (The) $KO Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in CocaCola by 8.4%, owning 224,276 shares valued at approximately $15.9 million as of the latest SEC filing.
• Several institutional investors, including UBS AM and Sage Financial Management, have notably adjusted their positions in CocaCola, reflecting a trend of increasing investments in the company.
• CocaCola has declared a quarterly dividend of $0.51, translating to an annual yield of 3.0%, with a payout ratio currently at 72.34%.

Concurrent Investment Advisors LLC boosted its position in CocaCola Company (The) (NYSE:KO - Free Report) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 224,276 shares of the company's stock after purchasing an additional 17,295 shares during the quarter. Concurrent Investment Advisors LLC's holdings in CocaCola were worth $15,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in KO. Sage Financial Management Group Inc. purchased a new stake in CocaCola in the 1st quarter valued at about $216,000. Perigon Wealth Management LLC grew its holdings in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock valued at $9,209,000 after buying an additional 4,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $2,212,300,000 after buying an additional 1,794,561 shares during the period. Cornerstone Wealth Management LLC grew its holdings in CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock valued at $8,686,000 after buying an additional 3,920 shares during the period. Finally, Roundview Capital LLC grew its holdings in CocaCola by 9.1% in the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company's stock valued at $2,474,000 after buying an additional 2,923 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction that occurred 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 owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on KO shares. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. boosted their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, BNP Paribas reiterated an "outperform" rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $76.93.

CocaCola Stock Up 1.0%

NYSE KO opened at $67.05 on Friday. The stock has a market cap of $288.55 billion, a PE ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. 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 price of $68.06 and a two-hundred day moving average price of $69.85. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. As a group, sell-side 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 issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, September 15th. 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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