Vanguard Personalized Indexing Management LLC Grows Position in CocaCola Company (The) $KO

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in CocaCola by 19.3% during the second quarter, now holding 523,732 shares valued at approximately $37 million.
• CocaCola announced a quarterly dividend of $0.51 per share, resulting in a 3.0% dividend yield for investors, reflecting a payout ratio of 72.34%.
• Wall Street analysts maintain a positive outlook on CocaCola, with a consensus price target of $76.93 and several firms, including Royal Bank of Canada and BNP Paribas, issuing "outperform" ratings.

Vanguard Personalized Indexing Management LLC raised its stake in CocaCola Company (The) (NYSE:KO - Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 523,732 shares of the company's stock after buying an additional 84,674 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in CocaCola were worth $37,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the 1st quarter valued at about $25,000. 1248 Management LLC purchased a new stake in CocaCola in the 1st quarter valued at about $26,000. Garde Capital Inc. purchased a new stake in CocaCola in the 1st quarter valued at about $30,000. Mizuho Securities Co. Ltd. boosted its position in CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company's stock valued at $33,000 after buying an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its position in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company's stock valued at $34,000 after buying an additional 285 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Trading Up 1.0%

NYSE KO opened at $67.05 on Friday. 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 cap of $288.55 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The company has a 50 day moving average price of $68.06 and a 200 day moving average price of $69.85. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. As a group, sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KO has been the subject of several recent research reports. Weiss Ratings restated a "buy (b-)" rating on shares of CocaCola in a report on Wednesday. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. UBS Group reduced their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, September 11th. BNP Paribas restated an "outperform" rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.93.

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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