CocaCola Company (The) $KO Shares Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management boosted its position in CocaCola Company (The) (NYSE:KO) by 128.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,758 shares of the company’s stock after buying an additional 15,068 shares during the quarter. Neo Ivy Capital Management’s holdings in CocaCola were worth $1,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Republic Capital LLC increased its position in shares of CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock worth $625,000 after acquiring an additional 139 shares during the last quarter. Alteri Wealth LLC boosted its holdings in CocaCola by 2.1% in the first quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after purchasing an additional 140 shares during the last quarter. Requisite Capital Management LLC grew its stake in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after purchasing an additional 142 shares in the last quarter. Paulson Wealth Management Inc. increased its holdings in CocaCola by 2.2% during the 2nd quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after purchasing an additional 149 shares during the last quarter. Finally, Summitry LLC raised its position in shares of CocaCola by 1.9% in the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock valued at $556,000 after purchasing an additional 149 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Up 0.2%

KO stock opened at $71.25 on Friday. The stock has a market cap of $306.49 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The firm’s 50-day simple moving average is $68.28 and its 200 day simple moving average is $69.48. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) 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. As a group, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KO shares. Piper Sandler raised their price target 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. Barclays reiterated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, UBS Group dropped their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $78.43.

Insider Activity

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was 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 owned 62,621 shares in the company, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the transaction, the executive vice president directly owned 37,725 shares in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 225,252 shares of company stock worth $15,953,007 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

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.