Live Oak Private Wealth LLC Sells 829 Shares of CocaCola Company (The) $KO

Live Oak Private Wealth LLC lessened its holdings in shares of CocaCola Company (The) (NYSE:KO) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,787 shares of the company’s stock after selling 829 shares during the quarter. Live Oak Private Wealth LLC’s holdings in CocaCola were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its stake in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CocaCola by 6.2% in 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 acquiring an additional 1,794,561 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in CocaCola in the 2nd quarter valued at approximately $22,443,000. Banque Pictet & Cie SA lifted its position in CocaCola by 72.6% in the 2nd quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after acquiring an additional 85,950 shares in the last quarter. Finally, Roundview Capital LLC lifted its holdings in shares of CocaCola by 9.1% during 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 in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Max R. Levchin acquired 7,206 shares of CocaCola stock in a transaction on Friday, October 24th. The stock was purchased at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the purchase, the director owned 14,267 shares in the company, valued at approximately $996,835.29. The trade was a 102.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.97% of the stock is currently owned by insiders.

CocaCola Price Performance

NYSE KO opened at $68.30 on Thursday. The stock has a market cap of $293.82 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.66 and a beta of 0.43. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company’s 50 day moving average is $67.79 and its two-hundred day moving average is $69.71. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The firm 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, research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Wall Street Analyst Weigh In

KO has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $76.00 price target on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. Wells Fargo & Company increased their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group lowered their price objective 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 report on Wednesday, October 22nd. Finally, Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus target price of $78.31.

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.