Paradigm Asset Management Co. LLC Sells 7,800 Shares of CocaCola Company (The) $KO

Paradigm Asset Management Co. LLC lowered its holdings in CocaCola Company (The) (NYSE:KO) by 19.8% in the 2nd quarter, Holdings Channel reports. The firm owned 31,500 shares of the company’s stock after selling 7,800 shares during the period. Paradigm Asset Management Co. LLC’s holdings in CocaCola were worth $2,229,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KO. Piper Sandler raised their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. TD Cowen increased their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $78.43.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 13,548 shares of CocaCola 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. The trade was a 26.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Max R. Levchin purchased 7,206 shares of the business’s stock in a transaction 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 acquisition, the director directly owned 14,267 shares in the company, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $70.61 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The business has a 50-day moving average price of $67.75 and a 200-day moving average price of $69.56. The firm has a market cap of $303.75 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings results 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 company had revenue of $11.40 billion for the quarter. As a group, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

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.