Asset Management One Co. Ltd. Grows Stock Holdings in CocaCola Company (The) $KO

Asset Management One Co. Ltd. grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,058,824 shares of the company’s stock after acquiring an additional 76,570 shares during the period. Asset Management One Co. Ltd.’s holdings in CocaCola were worth $145,662,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AlTi Global Inc. increased its position in shares of CocaCola by 3.2% during the second quarter. AlTi Global Inc. now owns 80,310 shares of the company’s stock valued at $5,713,000 after acquiring an additional 2,505 shares in the last quarter. Carnegie Investment Counsel increased its position in shares of CocaCola by 5.7% during the second quarter. Carnegie Investment Counsel now owns 106,017 shares of the company’s stock valued at $7,501,000 after acquiring an additional 5,694 shares in the last quarter. Strata Wealth Advisors LLC increased its position in shares of CocaCola by 8.6% during the second quarter. Strata Wealth Advisors LLC now owns 7,986 shares of the company’s stock valued at $565,000 after acquiring an additional 634 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of CocaCola by 86.7% during the second quarter. FSM Wealth Advisors LLC now owns 9,566 shares of the company’s stock valued at $679,000 after acquiring an additional 4,443 shares in the last quarter. Finally, Hoge Financial Services LLC increased its position in shares of CocaCola by 5.3% during the second quarter. Hoge Financial Services LLC now owns 4,459 shares of the company’s stock valued at $316,000 after acquiring an additional 223 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Trading Down 1.1%

NYSE:KO opened at $70.01 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a market cap of $301.32 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.69 and a beta of 0.43. The company has a 50 day simple moving average of $67.82 and a two-hundred day simple moving average of $69.72.

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

CocaCola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s payout ratio is presently 67.55%.

Wall Street Analysts Forecast Growth

KO has been the subject of several analyst reports. Piper Sandler raised their price target on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group reduced their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat, CocaCola has a consensus rating of “Buy” and a consensus price target of $78.31.

Insider Activity

In other news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is currently owned by insiders.

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.