WESPAC Advisors SoCal LLC Acquires 23,126 Shares of CocaCola Company (The) $KO

WESPAC Advisors SoCal LLC increased its holdings in CocaCola Company (The) (NYSE:KOFree Report) by 33.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,467 shares of the company’s stock after purchasing an additional 23,126 shares during the period. CocaCola makes up 1.4% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 28th biggest holding. WESPAC Advisors SoCal LLC’s holdings in CocaCola were worth $6,471,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Drive Wealth Management LLC boosted its holdings in CocaCola by 21.5% during the second quarter. Drive Wealth Management LLC now owns 13,135 shares of the company’s stock valued at $936,000 after acquiring an additional 2,322 shares during the period. Canvas Wealth Advisors LLC boosted its holdings in CocaCola by 8.5% during the second quarter. Canvas Wealth Advisors LLC now owns 4,332 shares of the company’s stock valued at $295,000 after acquiring an additional 338 shares during the period. Crewe Advisors LLC boosted its holdings in CocaCola by 34.3% during the second quarter. Crewe Advisors LLC now owns 2,183 shares of the company’s stock valued at $154,000 after acquiring an additional 558 shares during the period. FLC Capital Advisors boosted its holdings in CocaCola by 46.7% during the second quarter. FLC Capital Advisors now owns 4,761 shares of the company’s stock valued at $337,000 after acquiring an additional 1,516 shares during the period. Finally, Accretive Wealth Partners LLC boosted its holdings in CocaCola by 1.3% during the second quarter. Accretive Wealth Partners LLC now owns 28,678 shares of the company’s stock valued at $2,029,000 after acquiring an additional 374 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

CocaCola Stock Up 0.1%

NYSE KO opened at $68.52 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a 50-day simple moving average of $67.79 and a 200 day simple moving average of $69.69. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a market cap of $294.90 billion, a PE ratio of 24.30, a PEG ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion during the quarter. On average, research analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Analysts Set New Price Targets

KO has been the subject of a number of recent analyst reports. UBS Group decreased 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. Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. upped 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. BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average target price of $76.69.

View Our Latest Stock Analysis on KO

CocaCola Profile

(Free Report)

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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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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