Vise Technologies Inc. Acquires Shares of 109,234 CocaCola Company (The) $KO

Vise Technologies Inc. bought a new position in CocaCola Company (The) (NYSE:KO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,234 shares of the company’s stock, valued at approximately $7,728,000.

Other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its stake in shares of CocaCola by 3.6% in the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after acquiring an additional 4,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CocaCola by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock worth $2,212,300,000 after purchasing an additional 1,794,561 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in CocaCola in the 2nd quarter worth approximately $22,443,000. Roundview Capital LLC raised its stake in CocaCola by 9.1% during the 2nd quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock valued at $2,474,000 after buying an additional 2,923 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its holdings in shares of CocaCola by 72.6% during the 2nd quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after buying an additional 85,950 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 13,548 shares of CocaCola stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the sale, the executive vice president owned 37,725 shares of the company’s stock, valued at $2,638,109.25. The trade was a 26.42% decrease in their position. The transaction was disclosed in a legal filing 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 dated Friday, October 24th. The shares were purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the completion of the transaction, the director directly owned 14,267 shares in the company, valued at approximately $996,835.29. The trade was a 102.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on KO shares. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $78.43.

CocaCola Trading Up 2.2%

CocaCola stock opened at $70.61 on Monday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm’s 50 day moving average price is $67.75 and its 200-day moving average price is $69.51. 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 stock has a market cap of $303.75 billion, a P/E ratio of 23.38, a PEG ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share 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%. On average, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is 67.55%.

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.