Interchange Capital Partners LLC Sells 6,491 Shares of CocaCola Company (The) $KO

Key Points

• Interchange Capital Partners LLC has significantly reduced its stake in CocaCola Company by 87.3%, selling 6,491 shares and leaving it with only 946 shares valued at approximately $67,000.
• Multiple institutional investors, including IFG Advisors LLC and Mutual Advisors LLC, have increased their holdings in CocaCola, with 70.26% of the shares now owned by institutional investors.
• Wall Street analysts remain bullish on CocaCola, with a consensus rating of "Buy" and a price target that averages around $76.93, despite variations in individual analyst recommendations.

Interchange Capital Partners LLC trimmed its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 87.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 946 shares of the company's stock after selling 6,491 shares during the period. Interchange Capital Partners LLC's holdings in CocaCola were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. IFG Advisors LLC lifted its stake in shares of CocaCola by 13.9% in the second quarter. IFG Advisors LLC now owns 4,102 shares of the company's stock valued at $290,000 after buying an additional 500 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of CocaCola by 7.5% during the second quarter. Mutual Advisors LLC now owns 61,809 shares of the company's stock valued at $4,275,000 after purchasing an additional 4,302 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of CocaCola by 11.7% during the second quarter. Ritholtz Wealth Management now owns 90,590 shares of the company's stock valued at $6,409,000 after purchasing an additional 9,500 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of CocaCola by 6.7% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 26,458 shares of the company's stock valued at $1,872,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its position in shares of CocaCola by 12.6% during the second quarter. Cypress Wealth Services LLC now owns 10,395 shares of the company's stock valued at $735,000 after purchasing an additional 1,166 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KO. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. BNP Paribas reissued an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. Finally, UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $76.93.

CocaCola Stock Performance

NYSE KO opened at $67.54 on Wednesday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a 50-day simple moving average of $67.98 and a 200 day simple moving average of $69.80. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a market capitalization of $290.65 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 3.48 and a beta of 0.43.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $11.40 billion during the quarter. On average, research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

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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