OVERSEA CHINESE BANKING Corp Ltd Has $7.55 Million Stock Holdings in CocaCola Company (The) $KO

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 27.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 106,827 shares of the company’s stock after selling 41,341 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in CocaCola were worth $7,548,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KO. Brighton Jones LLC boosted its position in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares in the last quarter. Patron Partners LLC acquired a new stake in CocaCola in the first quarter valued at approximately $208,000. Golden State Wealth Management LLC boosted its position in CocaCola by 21.0% in the first quarter. Golden State Wealth Management LLC now owns 4,154 shares of the company’s stock valued at $298,000 after buying an additional 720 shares in the last quarter. Finally, CFM Wealth Partners LLC boosted its position in CocaCola by 3.1% in the first quarter. CFM Wealth Partners LLC now owns 68,152 shares of the company’s stock valued at $4,881,000 after buying an additional 2,025 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction 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 transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on KO shares. Wells Fargo & Company raised their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to MarketBeat, CocaCola has an average rating of “Buy” and an average target price of $78.31.

CocaCola Price Performance

KO stock opened at $69.74 on Monday. The company has a fifty day moving average price of $67.81 and a 200-day moving average price of $69.74. The company has a market capitalization of $300.12 billion, a P/E ratio of 23.09, a PEG ratio of 3.64 and a beta of 0.43. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21.

CocaCola (NYSE:KO) last announced its 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 business had revenue of $11.40 billion during the quarter. As a group, equities analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently announced 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

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.