Chilton Capital Management LLC Purchases 1,561 Shares of CocaCola Company (The) $KO

Chilton Capital Management LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 64,148 shares of the company’s stock after buying an additional 1,561 shares during the period. Chilton Capital Management LLC’s holdings in CocaCola were worth $4,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in CocaCola by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company’s stock valued at $25,869,202,000 after acquiring an additional 1,114,422 shares during the last quarter. Wellington Management Group LLP lifted its holdings in CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after buying an additional 16,383,870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CocaCola by 6.2% in the 1st 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 buying an additional 1,794,561 shares in the last quarter. Amundi grew its holdings in CocaCola by 16.0% in the first quarter. Amundi now owns 21,236,315 shares of the company’s stock worth $1,554,074,000 after purchasing an additional 2,922,619 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in CocaCola in the first quarter valued at about $1,508,657,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Down 0.3%

CocaCola stock opened at $69.74 on Friday. The firm has a market capitalization of $300.13 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.64 and a beta of 0.43. The stock’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $69.74. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) 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 return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion for the quarter. As a group, equities analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is 67.55%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction 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 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KO shares. Wells Fargo & Company raised their price target on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Saturday. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Finally, UBS Group decreased their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.31.

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.