CocaCola Company (The) $KO Position Boosted by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC boosted its position in CocaCola Company (The) (NYSE:KO) by 1.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 28,678 shares of the company’s stock after buying an additional 374 shares during the period. Accretive Wealth Partners LLC’s holdings in CocaCola were worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Nuveen LLC bought a new position in CocaCola during the first quarter worth $1,508,657,000. Wellington Management Group LLP raised its holdings in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock worth $3,398,185,000 after purchasing an additional 16,383,870 shares during the period. Boston Partners bought a new position in shares of CocaCola in the 1st quarter worth about $642,183,000. Raymond James Financial Inc. lifted its position in shares of CocaCola by 47.4% in the 1st quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after buying an additional 3,810,752 shares during the last quarter. Finally, Amundi boosted its holdings in shares of CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company’s stock valued at $1,554,074,000 after buying an additional 2,922,619 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KO shares. BNP Paribas reiterated an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. UBS Group dropped their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company cut their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average target price of $76.69.

CocaCola Stock Performance

Shares of KO stock opened at $68.45 on Monday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. The firm has a market capitalization of $294.60 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The business has a 50 day simple moving average of $67.84 and a 200 day simple moving average of $69.69.

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

CocaCola Dividend Announcement

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 given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio is currently 72.34%.

Insider Buying and Selling

In other CocaCola 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 directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was 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 link. Insiders own 0.90% 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.