TD Waterhouse Canada Inc. Has $22.74 Million Stake in CocaCola Company (The) $KO

TD Waterhouse Canada Inc. boosted its holdings in CocaCola Company (The) (NYSE:KO) by 26.5% in the second quarter, Holdings Channel reports. The firm owned 317,356 shares of the company’s stock after purchasing an additional 66,404 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CocaCola were worth $22,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new stake in CocaCola during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its stake in shares of CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the last quarter. MMA Asset Management LLC acquired a new stake in shares of CocaCola in the 2nd quarter valued at approximately $34,000. Finally, GFG Capital LLC bought a new position in shares of CocaCola in the second quarter valued at $34,000. 70.26% of the stock is owned by institutional investors.

Insider Transactions at CocaCola

In related news, EVP Nancy Quan sold 31,625 shares of the 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 sale, the executive vice president owned 223,330 shares in the company, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the completion of the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 225,252 shares of company stock worth $15,953,007. Corporate insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE KO opened at $71.09 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The firm has a market cap of $305.79 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 3.57 and a beta of 0.43. The stock’s fifty day moving average price is $68.20 and its two-hundred day moving average price is $69.47. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

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

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KO. Piper Sandler lifted their price objective on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Bank of America upped their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat, CocaCola presently has an average rating of “Buy” and a consensus price target of $78.43.

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.