Interchange Capital Partners LLC Has $537,000 Stock Position in CocaCola Company (The) $KO

Interchange Capital Partners LLC lifted its holdings in shares of CocaCola Company (The) (NYSE:KO) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,594 shares of the company’s stock after buying an additional 157 shares during the period. Interchange Capital Partners LLC’s holdings in CocaCola were worth $537,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. New Republic Capital LLC increased its stake in shares of CocaCola by 1.6% during the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after purchasing an additional 139 shares during the last quarter. Alteri Wealth LLC increased its stake in shares of CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock worth $492,000 after purchasing an additional 140 shares during the last quarter. Requisite Capital Management LLC increased its stake in shares of CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after purchasing an additional 142 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of CocaCola by 0.7% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock worth $1,439,000 after purchasing an additional 143 shares during the last quarter. Finally, MBA Advisors LLC boosted its holdings in shares of CocaCola by 1.2% during the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock worth $891,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction on 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 transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Saturday. 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. Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Finally, Wells Fargo & Company upped their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $78.31.

CocaCola Price Performance

Shares of CocaCola stock opened at $69.74 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 0.98. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a fifty day moving average price of $67.81 and a two-hundred day moving average price of $69.74. The company has a market cap of $300.13 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings results 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 firm had revenue of $11.40 billion during the quarter. Analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm 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. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio is currently 67.55%.

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.