Ethic Inc. Has $4.74 Million Stock Holdings in CocaCola Company (The) $KO

Ethic Inc. boosted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 9.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 67,458 shares of the company’s stock after acquiring an additional 5,586 shares during the period. Ethic Inc.’s holdings in CocaCola were worth $4,744,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Meadow Creek Wealth Advisors LLC boosted its position in shares of CocaCola by 0.4% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 143,967 shares of the company’s stock worth $10,186,000 after purchasing an additional 524 shares in the last quarter. Caliber Wealth Management LLC KS boosted its position in shares of CocaCola by 21.6% during the second quarter. Caliber Wealth Management LLC KS now owns 7,019 shares of the company’s stock worth $497,000 after purchasing an additional 1,246 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of CocaCola by 7.8% during the second quarter. Rehmann Capital Advisory Group now owns 35,129 shares of the company’s stock worth $2,486,000 after purchasing an additional 2,538 shares in the last quarter. Dudley Capital Management LLC boosted its position in shares of CocaCola by 0.7% during the second quarter. Dudley Capital Management LLC now owns 39,383 shares of the company’s stock worth $2,786,000 after purchasing an additional 287 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its position in shares of CocaCola by 1.3% during the second quarter. Parcion Private Wealth LLC now owns 123,186 shares of the company’s stock worth $8,715,000 after purchasing an additional 1,544 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

CocaCola Trading Down 1.1%

KO opened at $70.01 on Friday. The firm’s fifty day simple moving average is $67.82 and its 200 day simple moving average is $69.72. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a market capitalization of $301.32 billion, a P/E ratio of 23.18, a P/E/G ratio of 3.69 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The firm had revenue of $11.40 billion for the quarter. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given 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 2.9%. CocaCola’s payout ratio is 67.55%.

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 of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KO. TD Cowen lifted their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research report on Tuesday. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus price target of $78.31.

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.