Cobblestone Capital Advisors LLC NY Has $2.03 Million Stock Holdings in CocaCola Company (The) $KO

Cobblestone Capital Advisors LLC NY cut its position in shares of CocaCola Company (The) (NYSE:KO) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,709 shares of the company’s stock after selling 2,432 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in CocaCola were worth $2,031,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the 1st quarter valued at about $25,000. 1248 Management LLC acquired a new position in CocaCola in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its stake in CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. Ridgewood Investments LLC grew its stake in CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the last quarter. Finally, GFG Capital LLC acquired a new position in CocaCola in the 2nd quarter valued at about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

NYSE KO opened at $69.74 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $300.12 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.64 and a beta of 0.43. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $69.74.

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

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio is 67.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KO. Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday. Wells Fargo & Company upped their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Piper Sandler upped their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group cut their price objective 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus price target of $78.31.

About CocaCola

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.