CocaCola Company (The) $KO Shares Sold by Alpha Financial Partners LLC

Alpha Financial Partners LLC lessened its stake in CocaCola Company (The) (NYSE:KO) by 6.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,832 shares of the company’s stock after selling 202 shares during the period. Alpha Financial Partners LLC’s holdings in CocaCola were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sage Financial Management Group Inc. acquired a new position in CocaCola during the 1st quarter worth approximately $216,000. Perigon Wealth Management LLC increased 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 period. Cornerstone Wealth Management LLC increased its position in CocaCola by 3.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after purchasing an additional 3,920 shares during the period. Finally, Roundview Capital LLC increased 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 period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

CocaCola Price Performance

Shares of NYSE:KO opened at $67.05 on Friday. The business’s 50 day simple moving average is $68.06 and its 200-day simple moving average is $69.85. The firm has a market capitalization of $288.55 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $11.40 billion for the quarter. As a group, equities analysts forecast 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 was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s dividend payout ratio is presently 72.34%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday. One investment 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 currently has an average rating of “Buy” and an average target price of $76.93.

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.