CocaCola Company (The) (NYSE:KO) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in CocaCola Company (The) (NYSE:KO) by 10.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,259 shares of the company’s stock after buying an additional 20,581 shares during the period. Metis Global Partners LLC’s holdings in CocaCola were worth $16,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in shares of CocaCola in the 1st quarter valued at about $25,000. Garde Capital Inc. acquired a new position in CocaCola during the first quarter worth approximately $30,000. Mizuho Securities Co. Ltd. increased its holdings in shares of CocaCola by 360.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the period. Ridgewood Investments LLC raised its holdings in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the last quarter. Finally, Moser Wealth Advisors LLC raised its stake in CocaCola by 449.5% during the 1st quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock valued at $36,000 after acquiring an additional 409 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a research note on Monday, June 9th. UBS Group dropped their price target on CocaCola from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday. BNP Paribas reissued an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, 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. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $77.21.

Insider Activity

In other news, CEO James Quincey sold 266,403 shares of CocaCola stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president directly owned 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,387 shares of company stock worth $29,923,985. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Stock Up 0.1%

Shares of NYSE:KO opened at $69.18 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a 50-day simple moving average of $70.64 and a 200-day simple moving average of $69.40. The stock has a market capitalization of $297.75 billion, a P/E ratio of 24.53, a PEG ratio of 3.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.89 and a current ratio of 1.21.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

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.