CocaCola Company (The) $KO Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC increased its position in CocaCola Company (The) (NYSE:KO) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,809 shares of the company’s stock after acquiring an additional 4,302 shares during the period. Mutual Advisors LLC’s holdings in CocaCola were worth $4,275,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KO. Ritholtz Wealth Management increased its stake in CocaCola by 11.7% during the 2nd quarter. Ritholtz Wealth Management now owns 90,590 shares of the company’s stock valued at $6,409,000 after buying an additional 9,500 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its stake in CocaCola by 6.7% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 26,458 shares of the company’s stock valued at $1,872,000 after buying an additional 1,672 shares during the period. Cypress Wealth Services LLC increased its stake in CocaCola by 12.6% during the 2nd quarter. Cypress Wealth Services LLC now owns 10,395 shares of the company’s stock valued at $735,000 after buying an additional 1,166 shares during the period. J.Safra Asset Management Corp increased its stake in CocaCola by 208.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 16,129 shares of the company’s stock valued at $1,134,000 after buying an additional 10,905 shares during the period. Finally, Sagespring Wealth Partners LLC increased its stake in CocaCola by 60.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 71,671 shares of the company’s stock valued at $5,071,000 after buying an additional 27,065 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. UBS Group decreased their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Wells Fargo & Company decreased their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $76.69.

CocaCola Stock Performance

KO stock opened at $67.03 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock has a market cap of $288.49 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.52 and a beta of 0.43. The firm has a 50 day simple moving average of $67.93 and a 200 day simple moving average of $69.78. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

CocaCola (NYSE:KO) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. Research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

CocaCola Company 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.