CocaCola Company (The) $KO Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs lifted its position in CocaCola Company (The) (NYSE:KO) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,956 shares of the company’s stock after buying an additional 1,275 shares during the quarter. CocaCola makes up 0.8% of AG2R LA Mondiale Gestion D Actifs’ investment portfolio, making the stock its 21st largest holding. AG2R LA Mondiale Gestion D Actifs’ holdings in CocaCola were worth $16,128,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KO. Insight Wealth Partners LLC purchased a new stake in CocaCola during the 2nd quarter worth approximately $239,000. Leelyn Smith LLC raised its position in CocaCola by 2.1% in the 2nd quarter. Leelyn Smith LLC now owns 42,962 shares of the company’s stock valued at $3,040,000 after purchasing an additional 869 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of CocaCola by 7.7% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 18,984 shares of the company’s stock valued at $1,343,000 after buying an additional 1,361 shares during the period. Sage Mountain Advisors LLC increased its stake in shares of CocaCola by 5.9% during the second quarter. Sage Mountain Advisors LLC now owns 26,490 shares of the company’s stock worth $1,874,000 after buying an additional 1,467 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of CocaCola by 8.1% during the second quarter. AlphaQuest LLC now owns 11,226 shares of the company’s stock worth $794,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen increased their price target on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday. Piper Sandler upped their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price target 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 assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.31.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction dated 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 trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is owned by corporate insiders.

CocaCola Stock Down 0.3%

CocaCola stock opened at $69.74 on Friday. The stock has a market capitalization of $300.13 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 3.66 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30. The stock has a 50 day moving average of $67.81 and a two-hundred day moving average of $69.73. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm 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%. As a group, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company 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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. 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.