CocaCola Company (The) $KO Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 45.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,158 shares of the company’s stock after selling 4,280 shares during the quarter. Stanley Laman Group Ltd.’s holdings in CocaCola were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell & Brown Wealth Advisors LLC raised its position in CocaCola by 1.0% during the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 45,285 shares of the company’s stock worth $3,204,000 after buying an additional 452 shares during the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of CocaCola by 4.7% during the second quarter. Nicholson Wealth Management Group LLC now owns 9,341 shares of the company’s stock worth $661,000 after purchasing an additional 423 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in CocaCola by 1.1% during the second quarter. Chevy Chase Trust Holdings LLC now owns 2,158,337 shares of the company’s stock valued at $152,702,000 after purchasing an additional 24,104 shares during the period. Arista Wealth Management LLC purchased a new stake in CocaCola in the second quarter valued at $2,820,000. Finally, Riverbend Wealth Management LLC boosted its holdings in CocaCola by 33.9% in the second quarter. Riverbend Wealth Management LLC now owns 7,835 shares of the company’s stock valued at $554,000 after purchasing an additional 1,984 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Up 1.3%

KO stock opened at $68.45 on Friday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The business’s 50-day moving average is $67.84 and its 200 day moving average is $69.72. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a market cap of $294.60 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly 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 firm had revenue of $11.40 billion for the quarter. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio is 72.34%.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

KO has been the subject of several analyst reports. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, UBS Group decreased their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.69.

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.