EPG Wealth Management LLC Increases Stock Holdings in CocaCola Company (The) $KO

EPG Wealth Management LLC raised its stake in CocaCola Company (The) (NYSE:KO) by 29.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,401 shares of the company’s stock after acquiring an additional 12,287 shares during the period. CocaCola makes up 1.1% of EPG Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. EPG Wealth Management LLC’s holdings in CocaCola were worth $3,778,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new position in CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its stake in CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the last quarter. Ridgewood Investments LLC grew its position in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the last quarter. GFG Capital LLC purchased a new position in shares of CocaCola during the second quarter worth approximately $34,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of CocaCola in the 1st quarter valued at $42,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, BNP Paribas restated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $78.31.

Insider Activity at CocaCola

In other CocaCola news, Director Max R. Levchin bought 7,206 shares of CocaCola stock in a transaction on Friday, October 24th. The stock was bought at an average price of $69.87 per share, with a total value of $503,483.22. Following the completion of the acquisition, the director owned 14,267 shares in the company, valued at $996,835.29. The trade was a 102.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.97% of the stock is currently owned by insiders.

CocaCola Stock Performance

NYSE:KO opened at $68.94 on Monday. The firm’s fifty day moving average price is $67.73 and its 200 day moving average price is $69.65. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The firm has a market cap of $296.56 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its quarterly earnings data 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 firm had revenue of $11.40 billion for the quarter. On average, sell-side analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently disclosed 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 (DPR) is 67.55%.

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.