Gibson Capital LLC Reduces Holdings in CocaCola Company (The) $KO

Gibson Capital LLC lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 5.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,501 shares of the company’s stock after selling 379 shares during the period. Gibson Capital LLC’s holdings in CocaCola were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC raised its stake in shares of CocaCola by 3.2% during the second quarter. CWM LLC now owns 564,832 shares of the company’s stock valued at $39,962,000 after purchasing an additional 17,699 shares during the period. OFI Invest Asset Management raised its stake in shares of CocaCola by 6.2% during the second quarter. OFI Invest Asset Management now owns 555,410 shares of the company’s stock valued at $39,295,000 after purchasing an additional 32,541 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of CocaCola by 19.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 523,732 shares of the company’s stock worth $37,079,000 after buying an additional 84,674 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in shares of CocaCola by 1.5% in the second quarter. Sovereign Financial Group Inc. now owns 11,908 shares of the company’s stock worth $843,000 after buying an additional 171 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of CocaCola by 8.4% in the second quarter. Concurrent Investment Advisors LLC now owns 224,276 shares of the company’s stock worth $15,868,000 after buying an additional 17,295 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Stock Performance

KO stock opened at $67.05 on Friday. The company has a market capitalization of $288.55 billion, a P/E ratio of 23.78, a PEG ratio of 3.49 and a beta of 0.43. The company has a 50-day simple moving average of $68.06 and a 200 day simple moving average of $69.85. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. Sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s dividend payout ratio is presently 72.34%.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KO. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Wednesday. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group decreased 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. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $76.93.

CocaCola 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.