FNY Investment Advisers LLC Takes $945,000 Position in CocaCola Company (The) $KO

Key Points

• FNY Investment Advisers LLC has acquired a stake of approximately $945,000 in CocaCola Company (NYSE: KO), purchasing 13,360 shares during the second quarter.
• Insiders at CocaCola recently engaged in stock transactions, with Nikolaos Koumettis selling 37,396 shares worth approximately $2.58 million.
• The company announced a quarterly dividend of $0.51 per share, set to be paid on December 15th, representing an annual yield of 2.9%.

FNY Investment Advisers LLC acquired a new stake in CocaCola Company (The) (NYSE:KO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,360 shares of the company's stock, valued at approximately $945,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in CocaCola by 0.3% during the first quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company's stock valued at $25,869,202,000 after acquiring an additional 1,114,422 shares during the period. Wellington Management Group LLP lifted its stake in shares of CocaCola by 52.7% during the first 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 lifted its stake in shares of CocaCola by 6.2% during the first 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 lifted its stake in shares of CocaCola by 16.0% during the first 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 acquired a new position in shares of CocaCola during the first quarter worth about $1,508,657,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

CocaCola Trading Up 4.1%

Shares of NYSE KO opened at $71.22 on Wednesday. The stock's 50 day moving average price is $67.80 and its two-hundred day moving average price is $69.70. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock has a market capitalization of $306.51 billion, a P/E ratio of 25.26, a PEG ratio of 3.57 and a beta of 0.43. 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 announced its quarterly earnings data 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 firm had revenue of $11.40 billion for the quarter. On average, analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 2.9%. CocaCola's dividend payout ratio is presently 72.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KO. BNP Paribas restated an "outperform" rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Evercore ISI reiterated an "outperform" rating on shares of CocaCola in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to data from MarketBeat, CocaCola has a consensus rating of "Buy" and a consensus price target of $77.23.

Insider Transactions at CocaCola

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 transaction of $2,584,063.60. Following the sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.

About CocaCola

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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