CocaCola Company (The) $KO Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its position in CocaCola Company (The) (NYSE:KO) by 2.9% during the 2nd quarter, Holdings Channel reports. The fund owned 7,391 shares of the company’s stock after selling 218 shares during the quarter. 180 Wealth Advisors LLC’s holdings in CocaCola were worth $523,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola in the first quarter valued at approximately $25,000. 1248 Management LLC purchased a new position in CocaCola in the first quarter valued at approximately $26,000. Ridgewood Investments LLC increased its stake in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after purchasing an additional 285 shares during the last quarter. GFG Capital LLC purchased a new position in CocaCola in the second quarter valued at approximately $34,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in CocaCola in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola 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 transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by company insiders.

CocaCola Stock Performance

Shares of KO opened at $69.74 on Friday. 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 firm has a market cap of $300.13 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.66 and a beta of 0.43. The company’s 50 day simple moving average is $67.81 and its 200-day simple moving average is $69.73. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

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 business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. As a group, equities analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KO. BNP Paribas reiterated an “outperform” rating and issued a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. 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. Finally, UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $78.31.

About CocaCola

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.