FSM Wealth Advisors LLC Purchases 4,443 Shares of CocaCola Company (The) $KO

Key Points

• FSM Wealth Advisors LLC increased its stake in CocaCola by 86.7%, acquiring an additional 4,443 shares and bringing its total ownership to 9,566 shares worth $679,000.
• Several other investors also expanded their holdings in CocaCola during the second quarter, with Cadinha & Co. LLC boosting its stake by 376.6% to own 15,956 shares valued at $1,129,000.
• CocaCola recently declared a quarterly dividend of $0.51 per share, set to be paid on December 15th, with an annualized dividend yield of 2.9%.

FSM Wealth Advisors LLC boosted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 86.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,566 shares of the company's stock after acquiring an additional 4,443 shares during the period. FSM Wealth Advisors LLC's holdings in CocaCola were worth $679,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Hoge Financial Services LLC boosted its holdings in CocaCola by 5.3% in the second quarter. Hoge Financial Services LLC now owns 4,459 shares of the company's stock valued at $316,000 after acquiring an additional 223 shares in the last quarter. Cadinha & Co. LLC boosted its holdings in CocaCola by 376.6% in the second quarter. Cadinha & Co. LLC now owns 15,956 shares of the company's stock valued at $1,129,000 after acquiring an additional 12,608 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in CocaCola by 8.3% in the second quarter. KPP Advisory Services LLC now owns 12,835 shares of the company's stock valued at $908,000 after acquiring an additional 982 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in CocaCola by 28.6% in the second quarter. First Citizens Bank & Trust Co. now owns 245,298 shares of the company's stock valued at $17,355,000 after acquiring an additional 54,520 shares in the last quarter. Finally, Roman Butler Fullerton & Co. boosted its holdings in CocaCola by 15.5% in the second quarter. Roman Butler Fullerton & Co. now owns 10,635 shares of the company's stock valued at $736,000 after acquiring an additional 1,428 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other 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 directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KO shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. Piper Sandler raised their price objective on CocaCola from $80.00 to $81.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Barclays raised their price objective on CocaCola from $71.00 to $77.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Evercore ISI reiterated an "outperform" rating on shares of CocaCola in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $78.31.

CocaCola Trading Down 0.5%

Shares of NYSE:KO opened at $70.47 on Thursday. The stock has a 50 day moving average of $67.81 and a 200 day moving average of $69.70. The company has a market cap of $303.28 billion, a PE ratio of 23.37, a price-to-earnings-growth 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. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

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. The company had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 45.63% and a net margin of 27.34%. As a group, equities research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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