Astoria Portfolio Advisors LLC. Acquires 312 Shares of CocaCola Company (The) $KO

Astoria Portfolio Advisors LLC. lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,656 shares of the company’s stock after purchasing an additional 312 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in CocaCola were worth $1,220,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sage Financial Management Group Inc. acquired a new position in shares of CocaCola during the first quarter valued at $216,000. Perigon Wealth Management LLC lifted its stake in shares of CocaCola by 3.6% during the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock valued at $9,209,000 after acquiring an additional 4,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CocaCola by 6.2% during 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 valued at $2,212,300,000 after acquiring an additional 1,794,561 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of CocaCola by 3.3% during the first quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock valued at $8,686,000 after acquiring an additional 3,920 shares during the period. Finally, Roundview Capital LLC lifted its stake in shares of CocaCola by 9.1% during the second quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock valued at $2,474,000 after acquiring an additional 2,923 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Up 1.0%

Shares of CocaCola stock opened at $67.05 on Monday. The business’s 50 day simple moving average is $68.06 and its 200 day simple moving average is $69.84. 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 $288.55 billion, a PE ratio of 23.78, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last announced 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 44.91% and a net margin of 25.89%.The business had revenue of $11.40 billion for the quarter. On average, analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Analyst Upgrades and Downgrades

KO has been the topic of several analyst reports. UBS Group cut their target price 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 price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. BNP Paribas reiterated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, Wells Fargo & Company lowered their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. 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 data from MarketBeat.com, CocaCola currently has an average rating of “Buy” and an average target price of $76.93.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’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 value of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.90% 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.