CocaCola Company (The) $KO Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its holdings in CocaCola Company (The) (NYSE:KO) by 64.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,790 shares of the company’s stock after purchasing an additional 18,023 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in CocaCola were worth $3,240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KO. Brighton Jones LLC increased its holdings in CocaCola by 13.3% in 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 grew its position in shares of 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 purchasing an additional 293 shares during the period. Jennison Associates LLC increased its stake in shares of CocaCola by 170.9% during the first quarter. Jennison Associates LLC now owns 71,881 shares of the company’s stock worth $5,148,000 after purchasing an additional 45,350 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of CocaCola during the 1st quarter worth about $145,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of CocaCola by 4.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 299,783 shares of the company’s stock worth $21,470,000 after purchasing an additional 12,403 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $70.70 on Tuesday. The business’s 50 day moving average price is $68.07 and its 200 day moving average price is $69.46. The company has a market cap of $304.12 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 3.57 and a beta of 0.43. 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 one year low of $60.62 and a one year high of $74.38.

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

CocaCola Announces Dividend

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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. TD Cowen lifted their price objective on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Piper Sandler boosted their price target on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Bank of America lifted their target price on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $78.43.

Insider Activity

In other news, Director Max R. Levchin bought 7,206 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were bought at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the acquisition, the director directly 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at $4,441,707.53. This represents a 39.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 193,627 shares of company stock valued at $13,702,256 over the last three months. 0.97% of the stock is currently owned by company insiders.

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.