Johnson Investment Counsel Inc. Has $104.88 Million Holdings in CocaCola Company (The) $KO

Key Points

• Johnson Investment Counsel Inc. has reduced its stake in CocaCola by 0.4%, holding 1,482,349 shares valued at approximately $104.88 million as of the latest SEC filing.
• Insider Nikolaos Koumettis sold 37,396 shares of CocaCola for $2.58 million, marking a 15.15% decrease in his ownership position.
• Analysts' price targets for CocaCola vary, with Royal Bank Of Canada setting a target of $76.00 and JPMorgan raising theirs from $77.00 to $79.00, reflecting a generally favorable outlook on the stock.

Johnson Investment Counsel Inc. lowered its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,482,349 shares of the company's stock after selling 5,497 shares during the period. Johnson Investment Counsel Inc.'s holdings in CocaCola were worth $104,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sage Financial Management Group Inc. acquired a new position in shares of CocaCola during the 1st quarter worth about $216,000. Perigon Wealth Management LLC lifted its position in shares of CocaCola by 3.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company's stock worth $9,209,000 after purchasing an additional 4,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CocaCola by 6.2% during 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 during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company's stock worth $8,686,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Roundview Capital LLC lifted its position in shares of CocaCola by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company's stock worth $2,474,000 after purchasing an additional 2,923 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at CocaCola

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 value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock 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. UBS Group cut 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. Finally, BNP Paribas restated an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $76.93.

CocaCola Trading Up 1.0%

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 company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $288.55 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. The stock's 50-day moving average price is $68.06 and its 200 day moving average price is $69.85.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly 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 firm had revenue of $11.40 billion for the quarter. As a group, research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

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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