Aspiriant LLC Lowers Stake in CocaCola Company (The) $KO

Aspiriant LLC lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,844 shares of the company’s stock after selling 656 shares during the quarter. Aspiriant LLC’s holdings in CocaCola were worth $979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the last quarter. GAMMA Investing LLC grew its holdings in CocaCola by 19.0% in the 1st quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after acquiring an additional 13,261 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in CocaCola by 5.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,151,849 shares of the company’s stock worth $82,496,000 after acquiring an additional 57,315 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in CocaCola by 2.7% in the 1st quarter. Premier Path Wealth Partners LLC now owns 13,658 shares of the company’s stock worth $978,000 after acquiring an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated 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 sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is owned by insiders.

CocaCola Trading Up 1.3%

NYSE:KO opened at $68.45 on Friday. The company has a 50-day moving average price of $67.84 and a 200-day moving average price of $69.73. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. The stock has a market cap of $294.60 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 3.52 and a beta of 0.43.

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

CocaCola Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s payout ratio is presently 72.34%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KO. Wells Fargo & Company cut their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Finally, UBS Group dropped their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.69.

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.