Forsta AP Fonden Has $73.59 Million Holdings in CocaCola Company (The) $KO

Forsta AP Fonden trimmed its holdings in CocaCola Company (The) (NYSE:KO) by 0.4% in the 2nd quarter, Holdings Channel reports. The fund owned 1,040,200 shares of the company’s stock after selling 3,800 shares during the quarter. CocaCola comprises 0.5% of Forsta AP Fonden’s portfolio, making the stock its 28th biggest holding. Forsta AP Fonden’s holdings in CocaCola were worth $73,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. New Republic Capital LLC grew its position in CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after purchasing an additional 139 shares during the last quarter. Alteri Wealth LLC lifted its stake in shares of CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC grew its position in CocaCola by 2.8% during the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after buying an additional 142 shares in the last quarter. SNS Financial Group LLC increased its stake in CocaCola by 2.4% during the first quarter. SNS Financial Group LLC now owns 6,315 shares of the company’s stock valued at $455,000 after acquiring an additional 148 shares during the period. Finally, Paulson Wealth Management Inc. raised its holdings in CocaCola by 2.2% in the 2nd quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock valued at $479,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other CocaCola news, Director Max R. Levchin purchased 7,206 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of $69.87 per share, with a total value of $503,483.22. Following the acquisition, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This represents a 26.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.97% of the stock is owned by insiders.

CocaCola Stock Up 1.5%

Shares of NYSE:KO opened at $71.59 on Wednesday. The company’s fifty day moving average is $67.84 and its 200-day moving average is $69.49. 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 Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a market capitalization of $307.97 billion, a PE ratio of 23.71, a P/E/G ratio of 3.57 and a beta of 0.43.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.8%. CocaCola’s payout ratio is 67.55%.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research reports. Barclays restated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group reduced 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, Wells Fargo & Company upped their target price 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. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus target price of $78.43.

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.