CocaCola Company (The) $KO Position Increased by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its holdings in shares of CocaCola Company (The) (NYSE:KO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,425 shares of the company’s stock after purchasing an additional 1,482 shares during the period. Level Four Advisory Services LLC’s holdings in CocaCola were worth $7,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KO. Vanguard Group Inc. grew its position in shares of CocaCola by 1.7% during the second quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock worth $25,996,519,000 after acquiring an additional 6,241,163 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in CocaCola by 3.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock valued at $9,209,000 after purchasing an additional 4,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CocaCola by 6.2% during 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 valued at $2,212,300,000 after purchasing an additional 1,794,561 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in CocaCola in the 2nd quarter worth about $22,443,000. Finally, Roundview Capital LLC increased its stake in shares of CocaCola by 9.1% in the second quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock valued at $2,474,000 after purchasing an additional 2,923 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Trading Up 0.6%

Shares of KO stock opened at $73.02 on Friday. The stock has a 50-day simple moving average of $68.90 and a 200 day simple moving average of $69.53. The stock has a market capitalization of $314.11 billion, a P/E ratio of 24.18, a P/E/G ratio of 3.57 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion during the quarter. On average, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KO. UBS Group reduced their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Finally, TD Cowen raised their target price on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $78.43.

Insider Transactions at CocaCola

In related news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares in the company, valued at $4,441,707.53. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Max R. Levchin bought 7,206 shares of CocaCola stock in a transaction dated Friday, October 24th. The shares were bought at an average cost of $69.87 per share, with a total value of $503,483.22. Following the completion of the acquisition, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. The trade was a 102.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 225,252 shares of company stock valued at $15,953,007 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

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.