Venture Visionary Partners LLC Has $9.64 Million Position in CocaCola Company (The) $KO

Venture Visionary Partners LLC lowered its stake in CocaCola Company (The) (NYSE:KO) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,575 shares of the company’s stock after selling 7,017 shares during the period. Venture Visionary Partners LLC’s holdings in CocaCola were worth $9,638,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the 1st quarter worth $25,000. Garde Capital Inc. acquired a new stake in CocaCola during the 1st quarter worth $30,000. Mizuho Securities Co. Ltd. grew its holdings in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 360 shares during the period. Ridgewood Investments LLC grew its holdings in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after acquiring an additional 285 shares during the period. Finally, Moser Wealth Advisors LLC grew its holdings in shares of CocaCola by 449.5% in the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock valued at $36,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KO shares. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. UBS Group decreased their price target on shares of CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating and issued a $81.00 price target on shares of CocaCola in a report on Monday, June 9th. Finally, BNP Paribas reissued an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and an average price target of $77.21.

Insider Activity

In other news, CEO James Quincey sold 266,403 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

CocaCola Trading Down 1.1%

Shares of NYSE:KO opened at $69.15 on Tuesday. The company’s 50-day moving average price is $69.97 and its two-hundred day moving average price is $70.24. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market capitalization of $297.60 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast 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 Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s payout ratio is 72.34%.

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.