United Asset Strategies Inc. Has $1.46 Million Stake in CocaCola Company (The) $KO

United Asset Strategies Inc. lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,583 shares of the company’s stock after selling 1,665 shares during the quarter. United Asset Strategies Inc.’s holdings in CocaCola were worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of CocaCola by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 361,200,808 shares of the company’s stock valued at $25,869,202,000 after acquiring an additional 1,114,422 shares in the last quarter. Wellington Management Group LLP raised its holdings in CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock valued at $3,398,185,000 after acquiring an additional 16,383,870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock worth $2,212,300,000 after buying an additional 1,794,561 shares in the last quarter. Amundi boosted its holdings in CocaCola by 16.0% in the 1st quarter. Amundi now owns 21,236,315 shares of the company’s stock valued at $1,554,074,000 after purchasing an additional 2,922,619 shares during the period. Finally, Nuveen LLC bought a new stake in shares of CocaCola in the first quarter valued at approximately $1,508,657,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Up 1.5%

Shares of NYSE:KO opened at $71.59 on Wednesday. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average price is $67.84 and its 200-day moving average price is $69.49. The stock has a market capitalization of $307.97 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

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

CocaCola Announces Dividend

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

Insider Buying and Selling

In related news, Director Max R. Levchin purchased 7,206 shares of the business’s stock in a transaction on Friday, October 24th. The shares were acquired at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the purchase, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This trade represents a 102.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 37,725 shares in the company, valued at $2,638,109.25. The trade was 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KO. Wells Fargo & Company upped their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Piper Sandler increased their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America raised their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus price target 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.