CocaCola Company (The) $KO Shares Sold by Claro Advisors LLC

Claro Advisors LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 24.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,624 shares of the company’s stock after selling 5,937 shares during the period. Claro Advisors LLC’s holdings in CocaCola were worth $1,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC grew its position in CocaCola by 3.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CocaCola by 6.2% during 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 worth $2,212,300,000 after purchasing an additional 1,794,561 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in CocaCola during the 2nd quarter worth $22,443,000. Roundview Capital LLC grew its position in CocaCola by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock worth $2,474,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Banque Pictet & Cie SA increased its stake in CocaCola by 72.6% in the 2nd quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after buying an additional 85,950 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 13,548 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Max R. Levchin acquired 7,206 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired 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 directly owned 14,267 shares in the company, valued at approximately $996,835.29. This represents a 102.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

CocaCola Stock Up 1.1%

KO stock opened at $68.70 on Wednesday. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The company has a market cap of $295.51 billion, a P/E ratio of 22.75, a P/E/G ratio of 3.57 and a beta of 0.43. The company’s 50-day moving average price is $67.71 and its 200 day moving average price is $69.59.

CocaCola (NYSE:KO) last issued its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion during the quarter. On average, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Wall Street Analyst Weigh In

KO has been the topic of several recent research reports. UBS Group dropped their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. 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 research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.