Quadrant Capital Group LLC Buys 43,476 Shares of CocaCola Company (The) $KO

Quadrant Capital Group LLC increased its position in shares of CocaCola Company (The) (NYSE:KO) by 52.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,939 shares of the company’s stock after buying an additional 43,476 shares during the quarter. Quadrant Capital Group LLC’s holdings in CocaCola were worth $8,910,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vinva Investment Management Ltd boosted its position in shares of CocaCola by 22.2% during the second quarter. Vinva Investment Management Ltd now owns 247,257 shares of the company’s stock valued at $17,390,000 after buying an additional 44,931 shares during the last quarter. Echo45 Advisors LLC bought a new position in CocaCola during the 2nd quarter valued at $239,000. Employees Retirement System of Texas lifted its stake in CocaCola by 7.6% during the 2nd quarter. Employees Retirement System of Texas now owns 1,735,949 shares of the company’s stock valued at $122,818,000 after acquiring an additional 121,949 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in CocaCola during the 2nd quarter worth $151,000. Finally, Maia Wealth LLC bought a new stake in shares of CocaCola in the 2nd quarter worth $487,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of KO opened at $73.02 on Thursday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock’s 50-day simple moving average is $68.77 and its 200 day simple moving average is $69.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock has a market capitalization of $314.11 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

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

CocaCola Dividend Announcement

The business 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 $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target 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. Piper Sandler boosted their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Bank of America increased their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, UBS Group decreased their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. One equities 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, the stock presently has a consensus rating of “Buy” and an average target price of $78.43.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. The trade was a 12.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares in the company, valued at $2,638,109.25. The trade was a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 225,252 shares of company stock valued at $15,953,007 over the last quarter. Company insiders own 0.90% of the company’s stock.

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.