120,810 Shares in CocaCola Company (The) $KO Acquired by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 120,810 shares of the company’s stock, valued at approximately $8,547,000. CocaCola makes up about 0.9% of MASTERINVEST Kapitalanlage GmbH’s portfolio, making the stock its 23rd biggest holding.

Several other large investors also recently modified their holdings of KO. 1248 Management LLC purchased a new position in CocaCola during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its holdings in CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. Headlands Technologies LLC purchased a new position in CocaCola during the second quarter valued at $26,000. GFG Capital LLC purchased a new stake in shares of CocaCola in the second quarter worth about $34,000. Finally, MMA Asset Management LLC bought a new position in shares of CocaCola in the 2nd quarter valued at about $34,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the transaction, the executive vice president owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 225,252 shares of company stock valued at $15,953,007 over the last three months. 0.97% of the stock is currently owned by insiders.

CocaCola Price Performance

Shares of KO stock opened at $70.51 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The company has a market capitalization of $303.29 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.39. The firm’s 50-day moving average is $69.85 and its two-hundred day moving average is $69.48. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The business had revenue of $11.40 billion for the quarter. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio is 67.55%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KO shares. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Bank of America lifted their target price on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company upped their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $79.08.

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.