PDS Planning Inc Acquires 4,758 Shares of CocaCola Company (The) $KO

PDS Planning Inc lifted its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,591 shares of the company's stock after buying an additional 4,758 shares during the quarter. PDS Planning Inc's holdings in CocaCola were worth $4,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KO. Brighton Jones LLC grew its position in shares of CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of CocaCola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CocaCola by 19.0% during the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company's stock valued at $5,961,000 after purchasing an additional 13,261 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of CocaCola by 11.7% during the first quarter. Capital Advisors Ltd. LLC now owns 4,214 shares of the company's stock valued at $302,000 after purchasing an additional 443 shares in the last quarter. Finally, Sky Investment Group LLC grew its position in shares of CocaCola by 0.7% during the first quarter. Sky Investment Group LLC now owns 139,143 shares of the company's stock valued at $9,965,000 after purchasing an additional 990 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

CocaCola stock opened at $67.05 on Friday. The firm has a market capitalization of $288.55 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. The firm has a 50-day moving average price of $68.06 and a 200-day moving average price of $69.85. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. 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 (NYSE:KO - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.55 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, equities research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Insider Activity at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a report on Wednesday. Wells Fargo & Company reduced 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. UBS Group reduced 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company's stock. According to MarketBeat.com, CocaCola has an average rating of "Buy" and an average price target 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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