CocaCola Company (The) $KO Shares Purchased by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in CocaCola Company (The) (NYSE:KO) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,603 shares of the company’s stock after purchasing an additional 10,832 shares during the quarter. CocaCola comprises about 0.8% of Twin Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Twin Capital Management Inc.’s holdings in CocaCola were worth $7,542,000 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. Soltis Investment Advisors LLC raised its position in shares of CocaCola by 5.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 106,853 shares of the company’s stock valued at $7,560,000 after buying an additional 5,851 shares during the period. Souders Financial Advisors grew its position in CocaCola by 45.9% in the second quarter. Souders Financial Advisors now owns 12,624 shares of the company’s stock worth $893,000 after acquiring an additional 3,974 shares during the period. Cetera Trust Company N.A increased its stake in CocaCola by 0.5% during the second quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock worth $2,149,000 after acquiring an additional 150 shares during the last quarter. Long Run Wealth Advisors LLC raised its position in CocaCola by 27.9% in the second quarter. Long Run Wealth Advisors LLC now owns 4,574 shares of the company’s stock valued at $324,000 after purchasing an additional 997 shares during the period. Finally, Achmea Investment Management B.V. raised its position in CocaCola by 2.9% in the second quarter. Achmea Investment Management B.V. now owns 156,240 shares of the company’s stock valued at $11,054,000 after purchasing an additional 4,464 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KO shares. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. UBS Group lowered 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. Piper Sandler boosted their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $78.31.

Insiders Place Their Bets

In other news, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This trade represents a 26.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Max R. Levchin bought 7,206 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This represents a 102.05% increase in their position. The SEC filing for this purchase provides additional information. 0.90% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $68.53 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The company has a market cap of $294.79 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The stock’s 50-day moving average is $67.71 and its two-hundred day moving average is $69.58. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The business had revenue of $11.40 billion during the quarter. Analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The company 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 of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s dividend payout ratio is currently 67.55%.

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.