CocaCola Company (The) $KO is Savoir Faire Capital Management L.P.’s 3rd Largest Position

Savoir Faire Capital Management L.P. increased its holdings in CocaCola Company (The) (NYSE:KO) by 360.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,367 shares of the company’s stock after purchasing an additional 113,027 shares during the period. CocaCola accounts for 4.9% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 3rd biggest position. Savoir Faire Capital Management L.P.’s holdings in CocaCola were worth $10,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KO. Brighton Jones LLC grew its position in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of CocaCola by 21.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,154 shares of the company’s stock worth $298,000 after buying an additional 720 shares during the last quarter. FSM Wealth Advisors LLC increased its holdings in shares of CocaCola by 31.2% during the 1st quarter. FSM Wealth Advisors LLC now owns 5,123 shares of the company’s stock worth $367,000 after buying an additional 1,217 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of CocaCola by 1.9% during the 1st quarter. Private Trust Co. NA now owns 36,044 shares of the company’s stock worth $2,581,000 after buying an additional 669 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KO shares. BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research report on Monday, July 21st. UBS Group lowered their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Finally, TD Cowen boosted their price target on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, CocaCola presently has an average rating of “Buy” and an average price target of $78.31.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares of the company’s stock, valued at $2,638,109.25. This represents a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.97% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $69.02 on Friday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The business has a 50-day moving average of $67.76 and a 200-day moving average of $69.71. 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 company has a market capitalization of $296.88 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last announced 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 return on equity of 43.62% and a net margin of 27.34%. On average, equities analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s dividend payout ratio is currently 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.