CocaCola Company (The) $KO Shares Acquired by Crewe Advisors LLC

Crewe Advisors LLC lifted its stake in shares of CocaCola Company (The) (NYSE:KO) by 34.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,183 shares of the company’s stock after acquiring an additional 558 shares during the quarter. Crewe Advisors LLC’s holdings in CocaCola were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. FLC Capital Advisors grew its stake in CocaCola by 46.7% during the 2nd quarter. FLC Capital Advisors now owns 4,761 shares of the company’s stock worth $337,000 after purchasing an additional 1,516 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in shares of CocaCola by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 28,678 shares of the company’s stock valued at $2,029,000 after buying an additional 374 shares during the period. LMG Wealth Partners LLC grew its position in shares of CocaCola by 5.0% during the second quarter. LMG Wealth Partners LLC now owns 29,603 shares of the company’s stock worth $2,094,000 after buying an additional 1,410 shares in the last quarter. Balboa Wealth Partners increased its stake in shares of CocaCola by 19.2% during the second quarter. Balboa Wealth Partners now owns 8,374 shares of the company’s stock worth $592,000 after buying an additional 1,350 shares during the period. Finally, Swan Global Investments LLC raised its holdings in CocaCola by 21.2% in the second quarter. Swan Global Investments LLC now owns 4,029 shares of the company’s stock valued at $285,000 after acquiring an additional 705 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

CocaCola Stock Performance

Shares of KO stock opened at $68.45 on Monday. The stock’s 50-day moving average is $67.84 and its two-hundred day moving average is $69.69. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a market cap of $294.60 billion, a price-to-earnings ratio of 24.27, 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 (EPS) for the quarter. The firm had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced 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 is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is 72.34%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. UBS Group decreased their price target on CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $76.69.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is 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.