CocaCola Company (The) $KO Position Increased by Advantage Trust Co

Advantage Trust Co increased its stake in CocaCola Company (The) (NYSE:KO) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,742 shares of the company’s stock after purchasing an additional 200 shares during the period. Advantage Trust Co’s holdings in CocaCola were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KO. MorganRosel Wealth Management LLC bought a new stake in shares of CocaCola in the 1st quarter worth approximately $25,000. 1248 Management LLC bought a new stake in shares of CocaCola in the 1st quarter worth approximately $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the 1st quarter worth approximately $30,000. Ridgewood Investments LLC lifted 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 worth $34,000 after purchasing an additional 285 shares during the last quarter. Finally, GFG Capital LLC bought a new stake in shares of CocaCola in the 2nd quarter worth approximately $34,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KO shares. UBS Group reduced their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, BNP Paribas reiterated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $76.69.

CocaCola Stock Up 0.1%

KO opened at $68.52 on Tuesday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The stock’s fifty day moving average is $67.79 and its 200-day moving average is $69.69. The company has a market capitalization of $294.90 billion, a PE ratio of 24.30, a P/E/G 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 EPS for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $11.40 billion for the quarter. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is currently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

CocaCola Company 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.