Nomura Holdings Inc. Sells 37,416 Shares of CocaCola Company (The) $KO

Nomura Holdings Inc. lowered its position in shares of CocaCola Company (The) (NYSE:KO) by 22.6% during the second quarter, HoldingsChannel reports. The fund owned 128,065 shares of the company’s stock after selling 37,416 shares during the quarter. Nomura Holdings Inc.’s holdings in CocaCola were worth $9,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1248 Management LLC acquired a new stake in shares of CocaCola during the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its position 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 worth $26,000 after buying an additional 360 shares during the period. Headlands Technologies LLC bought a new stake in CocaCola during the 2nd quarter worth approximately $26,000. GFG Capital LLC acquired a new position in CocaCola in the 2nd quarter valued at approximately $34,000. Finally, MMA Asset Management LLC bought a new position in shares of CocaCola during the second quarter valued at $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several analyst reports. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Barclays reiterated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. UBS Group reissued a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company increased their target price on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and an average price target of $79.08.

CocaCola Stock Up 2.0%

Shares of CocaCola stock opened at $70.51 on Monday. The stock’s 50-day moving average is $69.85 and its 200 day moving average is $69.47. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The firm has a market cap of $303.29 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.92 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

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

CocaCola Dividend Announcement

The business 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s payout ratio is presently 67.55%.

Insider Buying and Selling at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the sale, the executive vice president owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This represents a 70.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 225,252 shares of company stock valued at $15,953,007 over the last 90 days. Insiders own 0.90% of the company’s stock.

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.