Simon Quick Advisors LLC Increases Stock Position in CocaCola Company (The) $KO

Simon Quick Advisors LLC boosted its stake in shares of CocaCola Company (The) (NYSE:KO) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,540 shares of the company’s stock after buying an additional 6,058 shares during the quarter. Simon Quick Advisors LLC’s holdings in CocaCola were worth $2,161,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. New Republic Capital LLC grew its position in CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock valued at $625,000 after buying an additional 139 shares during the period. Alteri Wealth LLC grew its position in CocaCola by 2.1% during the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC grew its position in CocaCola by 2.8% during the second quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after buying an additional 142 shares during the period. MBA Advisors LLC grew its position in CocaCola by 1.2% during the first quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock valued at $891,000 after buying an additional 143 shares during the period. Finally, BXM Wealth LLC grew its position in CocaCola by 4.3% during the first quarter. BXM Wealth LLC now owns 3,532 shares of the company’s stock valued at $253,000 after buying an additional 144 shares during the period. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. TD Cowen increased their price target on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group cut their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Piper Sandler increased their target price on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. One 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.com, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $78.31.

CocaCola Price Performance

Shares of NYSE:KO opened at $69.02 on Friday. The company has a 50 day moving average of $67.76 and a 200 day moving average of $69.71. The stock has a market cap of $296.88 billion, a P/E ratio of 22.85, a P/E/G ratio of 3.57 and a beta of 0.43. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. As a group, sell-side analysts forecast 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. Investors of record on Monday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s payout ratio is currently 67.55%.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Max R. Levchin bought 7,206 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the purchase, the director directly owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is owned by corporate insiders.

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.