Fifth Third Wealth Advisors LLC Has $7.63 Million Stock Holdings in CocaCola Company (The) $KO

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in CocaCola Company by 5.3% in the second quarter, bringing its total holdings to $7.63 million in shares, following the acquisition of 5,410 additional shares.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock for $2.58 million, resulting in a 15.15% reduction in their holdings.
• CocaCola recently declared a quarterly dividend of $0.51, representing a 3.0% annual yield, while its stock price fluctuated between a 12-month low of $60.62 and a high of $74.38.

Fifth Third Wealth Advisors LLC lifted its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,788 shares of the company's stock after purchasing an additional 5,410 shares during the period. Fifth Third Wealth Advisors LLC's holdings in CocaCola were worth $7,626,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KO. New Republic Capital LLC lifted its stake in shares of CocaCola by 1.6% in the first quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock worth $625,000 after acquiring an additional 139 shares during the period. Alteri Wealth LLC boosted its stake in shares of 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 position in shares of CocaCola by 2.8% during the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company's stock worth $377,000 after buying an additional 142 shares during the period. Deseret Mutual Benefit Administrators raised its stake in CocaCola by 0.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock worth $1,439,000 after buying an additional 143 shares during the last quarter. Finally, MBA Advisors LLC raised its stake in CocaCola by 1.2% during the first quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock worth $891,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company's stock.

CocaCola Price Performance

Shares of KO opened at $67.05 on Friday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The business's fifty day moving average is $68.06 and its 200 day moving average is $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. The stock has a market cap of $288.55 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.46 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) 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 for the quarter. Sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 annualized dividend and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Analyst Ratings Changes

A number of analysts have commented on KO shares. Wells Fargo & Company cut their price target on shares of CocaCola from $78.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. UBS Group cut their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price target on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of "Buy" and a consensus 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.

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