Yarger Wealth Strategies LLC Grows Stock Position in CocaCola Company (The) $KO

Yarger Wealth Strategies LLC raised its stake in shares of CocaCola Company (The) (NYSE:KO) by 9.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,512 shares of the company’s stock after buying an additional 311 shares during the period. Yarger Wealth Strategies LLC’s holdings in CocaCola were worth $248,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mitchell Sinkler & Starr PA grew its position in shares of CocaCola by 6.2% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 13,681 shares of the company’s stock valued at $968,000 after acquiring an additional 800 shares during the period. Commonwealth Financial Services LLC grew its position in shares of CocaCola by 4.3% during the 2nd quarter. Commonwealth Financial Services LLC now owns 11,800 shares of the company’s stock valued at $835,000 after acquiring an additional 482 shares during the period. SPC Financial Inc. grew its position in shares of CocaCola by 6.0% during the 2nd quarter. SPC Financial Inc. now owns 2,969 shares of the company’s stock valued at $210,000 after acquiring an additional 169 shares during the period. Second Half Financial Partners LLC acquired a new stake in shares of CocaCola during the 2nd quarter valued at about $319,000. Finally, CWM LLC grew its position in shares of CocaCola by 3.2% during the 2nd quarter. CWM LLC now owns 564,832 shares of the company’s stock valued at $39,962,000 after acquiring an additional 17,699 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 1.0%

KO stock opened at $67.05 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock has a market cap of $288.55 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.49 and a beta of 0.43. The business’s 50-day moving average is $68.06 and its 200 day moving average is $69.84.

CocaCola (NYSE:KO) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $11.40 billion for the quarter. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, September 15th. CocaCola’s dividend payout ratio (DPR) is 72.34%.

Insiders Place Their Bets

In other CocaCola 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KO shares. BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. UBS Group dropped their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, CocaCola presently has an average rating of “Buy” and an average target price of $76.93.

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.