CocaCola Company (The) $KO Shares Sold by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC has reduced its position in CocaCola by 5.1%, selling 3,999 shares, and now holds a total of 74,343 shares valued at approximately $5.26 million.
• Multiple institutional investors, including Vanguard and Wellington Management, have increased their stakes in CocaCola, indicating strong confidence in the company's performance.
• Analysts have raised their price targets for CocaCola stock, with several firms giving it an "overweight" or "buy" rating, suggesting projected growth for the company.

Exencial Wealth Advisors LLC reduced its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,343 shares of the company's stock after selling 3,999 shares during the period. Exencial Wealth Advisors LLC's holdings in CocaCola were worth $5,260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in CocaCola by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock worth $25,869,202,000 after purchasing an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP increased its stake in CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 worth $2,212,300,000 after purchasing an additional 1,794,561 shares in the last quarter. Amundi increased its stake in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock worth $1,554,074,000 after purchasing an additional 2,922,619 shares in the last quarter. Finally, Nuveen LLC purchased a new position in CocaCola in the 1st quarter worth about $1,508,657,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. TD Cowen lifted their price target on CocaCola from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on CocaCola from $75.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Cowen restated a "buy" rating on shares of CocaCola in a research report on Wednesday. One investment 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.com, the company has an average rating of "Buy" and an average price target of $78.00.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business'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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.97% of the company's stock.

CocaCola Trading Down 0.7%

Shares of NYSE KO opened at $70.75 on Thursday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The firm has a market capitalization of $304.47 billion, a PE ratio of 23.43, a PEG ratio of 3.71 and a beta of 0.43. 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 business has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $69.70.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a return on equity of 45.63% and a net margin of 27.34%.The firm had revenue of $11.40 billion during the quarter. As a group, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.9%. CocaCola's payout ratio is presently 72.34%.

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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