Perfromance Wealth Partners LLC Has $857,000 Stock Position in CocaCola Company (The) $KO

Key Points

• Perfromance Wealth Partners LLC increased its stake in CocaCola by 123.3% during the 2nd quarter, bringing its holdings to an estimated value of $857,000.
• Numerous institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, have recently made significant adjustments to their CocaCola positions, with institutional ownership now at 70.26%.
• CocaCola has received multiple analyst ratings, with a consensus price target of $76.93 and several firms maintaining a "buy" rating on the stock.

Perfromance Wealth Partners LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 123.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,113 shares of the company's stock after acquiring an additional 6,689 shares during the period. Perfromance Wealth Partners LLC's holdings in CocaCola were worth $857,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised 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 worth $25,869,202,000 after acquiring an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of CocaCola by 52.7% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CocaCola by 6.2% in 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 valued at $2,212,300,000 after purchasing an additional 1,794,561 shares during the period. Amundi lifted its stake in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company's stock valued at $1,554,074,000 after purchasing an additional 2,922,619 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in CocaCola in the 1st quarter valued at about $1,508,657,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a research note on Monday, July 21st. UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CocaCola in a report on Wednesday, October 8th. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their price objective 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. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, CocaCola has an average rating of "Buy" and a consensus price target of $76.93.

CocaCola Stock Performance

Shares of NYSE KO opened at $66.76 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market cap of $287.29 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 3.49 and a beta of 0.43. The stock's fifty day moving average price is $68.01 and its two-hundred day moving average price is $69.82. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results 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 company had revenue of $11.40 billion during the quarter. On average, equities analysts forecast 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. Shareholders of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola's dividend payout ratio is presently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on 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 sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company's stock.

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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