Vinva Investment Management Ltd Has $17.39 Million Stock Position in CocaCola Company (The) $KO

Vinva Investment Management Ltd raised its holdings in shares of CocaCola Company (The) (NYSE:KO) by 22.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,257 shares of the company’s stock after buying an additional 44,931 shares during the quarter. Vinva Investment Management Ltd’s holdings in CocaCola were worth $17,390,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 1248 Management LLC bought a new stake in CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its stake in CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 360 shares during the period. GFG Capital LLC acquired a new position in CocaCola in the 2nd quarter valued at approximately $34,000. MMA Asset Management LLC bought a new stake in shares of CocaCola in the 2nd quarter worth approximately $34,000. Finally, Winnow Wealth LLC acquired a new stake in shares of CocaCola during the 2nd quarter worth approximately $43,000. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Max R. Levchin purchased 7,206 shares of the firm’s stock in a transaction dated 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 in the company, valued at $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The disclosure for this purchase 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 three months. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group lowered their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $78.43.

CocaCola Stock Performance

Shares of NYSE:KO opened at $73.02 on Thursday. The business has a fifty day moving average of $68.77 and a 200-day moving average of $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. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a market cap of $314.11 billion, a PE ratio of 24.18, 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 (EPS) for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

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.