Plato Investment Management Ltd Buys 733 Shares of CocaCola Company (The) $KO

Plato Investment Management Ltd boosted its stake in CocaCola Company (The) (NYSE:KO) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,608 shares of the company’s stock after purchasing an additional 733 shares during the quarter. CocaCola makes up 0.8% of Plato Investment Management Ltd’s investment portfolio, making the stock its 15th largest position. Plato Investment Management Ltd’s holdings in CocaCola were worth $10,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Beam Wealth Advisors Inc. boosted its position in shares of CocaCola by 3.1% during the 2nd quarter. Beam Wealth Advisors Inc. now owns 18,367 shares of the company’s stock valued at $1,299,000 after acquiring an additional 545 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of CocaCola by 4.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 24,698 shares of the company’s stock valued at $1,747,000 after acquiring an additional 1,004 shares during the last quarter. Hills Bank & Trust Co boosted its position in shares of CocaCola by 3.8% during the 2nd quarter. Hills Bank & Trust Co now owns 38,587 shares of the company’s stock valued at $2,730,000 after acquiring an additional 1,414 shares during the last quarter. Twin City Private Wealth LLC boosted its position in shares of CocaCola by 13.5% during the 2nd quarter. Twin City Private Wealth LLC now owns 23,056 shares of the company’s stock valued at $1,642,000 after acquiring an additional 2,741 shares during the last quarter. Finally, Syverson Strege & Co bought a new stake in shares of CocaCola during the 2nd quarter valued at about $326,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

NYSE:KO opened at $68.94 on Friday. The business has a 50 day moving average of $67.73 and a 200 day moving average of $69.67. The company has a market capitalization of $296.56 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 3.57 and a beta of 0.43. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

CocaCola (NYSE:KO) last released its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share 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 during the quarter. On average, sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s payout ratio is presently 67.55%.

Insider Buying and Selling at CocaCola

In related news, Director Max R. Levchin acquired 7,206 shares of the stock in a transaction on Friday, October 24th. The stock was purchased at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the transaction, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This trade represents a 102.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the sale, the executive vice president owned 37,725 shares of the company’s stock, valued at $2,638,109.25. The trade was a 26.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research analyst reports. Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Piper Sandler lifted their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. TD Cowen boosted their target price on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and an average price target of $78.31.

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.