Stephens Inc. AR Sells 16,449 Shares of CocaCola Company (The) $KO

Key Points

• Stephens Inc. AR reduced its stake in Coca-Cola by 4.9%, selling 16,449 shares, and now holds 322,570 shares valued at approximately $22.96 million.
• Coca-Cola recently declared a quarterly dividend of $0.51 per share, which will provide an annualized yield of 3.0% for shareholders.
• Market analysts have shown mixed reactions, with price target adjustments including a cut from Wells Fargo to $75 and an increase from JPMorgan to $79, with the average target being $76.69.

Stephens Inc. AR decreased its holdings in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,570 shares of the company's stock after selling 16,449 shares during the period. Stephens Inc. AR's holdings in CocaCola were worth $22,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in CocaCola by 0.3% in the 1st 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 boosted its position in shares of CocaCola by 52.7% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CocaCola by 6.2% in the first 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 in the last quarter. Amundi raised its position in shares of CocaCola by 16.0% during 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 period. Finally, Nuveen LLC bought a new stake in shares of CocaCola during the 1st quarter valued at $1,508,657,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Up 1.3%

CocaCola stock opened at $68.45 on Monday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm has a market cap of $294.60 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The business's 50-day moving average price is $67.84 and its 200 day moving average price is $69.69. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 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 for the quarter. As a group, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 3.0%. CocaCola's dividend payout ratio is currently 72.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KO shares. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BNP Paribas reissued an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of CocaCola in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $76.69.

Insider Activity 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 transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company's stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

CocaCola 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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