Rational Advisors Inc. Has $3.08 Million Stock Position in CocaCola Company (The) $KO

Key Points

• Rational Advisors Inc. boosted its stake in Coca-Cola by 102.7% in Q2, raising its holdings to $3.08 million with a total of 43,578 shares.
• The Coca-Cola Company recently announced a quarterly dividend of $0.51 per share, with a dividend yield of 2.9% expected to be paid on December 15th.
• Analysts have given Coca-Cola a consensus rating of "Buy" with a price target averaging $78.31, while Wells Fargo raised its target from $75 to $79.

Rational Advisors Inc. lifted its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 102.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,578 shares of the company's stock after acquiring an additional 22,078 shares during the quarter. Rational Advisors Inc.'s holdings in CocaCola were worth $3,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs increased its position in CocaCola by 0.6% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 227,956 shares of the company's stock valued at $16,128,000 after acquiring an additional 1,275 shares during the period. Insight Wealth Partners LLC acquired a new stake in CocaCola in the second quarter valued at $239,000. Leelyn Smith LLC grew its position in shares of CocaCola by 2.1% in the 2nd quarter. Leelyn Smith LLC now owns 42,962 shares of the company's stock valued at $3,040,000 after buying an additional 869 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of CocaCola by 7.7% in the second quarter. Richards Merrill & Peterson Inc. now owns 18,984 shares of the company's stock valued at $1,343,000 after buying an additional 1,361 shares during the period. Finally, Sage Mountain Advisors LLC raised its position in shares of CocaCola by 5.9% during the second quarter. Sage Mountain Advisors LLC now owns 26,490 shares of the company's stock worth $1,874,000 after acquiring an additional 1,467 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

CocaCola Price Performance

CocaCola stock opened at $69.74 on Friday. CocaCola Company has a 52 week low of $60.62 and a 52 week 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 1.30. The stock has a market cap of $300.13 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.66 and a beta of 0.43. The company's 50 day moving average price is $67.81 and its two-hundred day moving average price is $69.73.

CocaCola (NYSE:KO - Get Free Report) last issued its 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 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion for the quarter. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola's dividend payout ratio is currently 67.55%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KO shares. Wells Fargo & Company raised their price target on shares of CocaCola from $75.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday. Cowen reissued a "buy" rating on shares of CocaCola in a research note on Wednesday. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. boosted their target price 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. Finally, BNP Paribas restated an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $78.31.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction 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 sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.

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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