CocaCola Company (The) $KO Shares Bought by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors increased its position in CocaCola Company (The) (NYSE:KO) by 68.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,580 shares of the company’s stock after acquiring an additional 3,075 shares during the period. TRUE Private Wealth Advisors’ holdings in CocaCola were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. New Republic Capital LLC increased its position in CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock valued at $625,000 after acquiring an additional 139 shares during the period. Alteri Wealth LLC lifted its stake in shares of CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock worth $492,000 after acquiring an additional 140 shares during the period. Requisite Capital Management LLC lifted its stake in shares of CocaCola by 2.8% in the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after acquiring an additional 142 shares during the period. Paulson Wealth Management Inc. increased its stake in shares of CocaCola by 2.2% during the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock valued at $479,000 after acquiring an additional 149 shares during the period. Finally, Summitry LLC raised its holdings in CocaCola by 1.9% during the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, Director Max R. Levchin bought 7,206 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was bought at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the purchase, the director owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. The trade was a 102.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of CocaCola stock in a transaction on 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 owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 193,627 shares of company stock worth $13,702,256. Corporate insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. TD Cowen boosted their price objective on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.43.

CocaCola Stock Performance

NYSE:KO opened at $71.13 on Wednesday. The firm has a market capitalization of $305.97 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. 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 Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a 50-day moving average price of $68.14 and a 200 day moving average price of $69.46.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid 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.