Nicholson Wealth Management Group LLC Raises Stake in CocaCola Company (The) $KO

Nicholson Wealth Management Group LLC grew its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,341 shares of the company’s stock after purchasing an additional 423 shares during the period. Nicholson Wealth Management Group LLC’s holdings in CocaCola were worth $661,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC boosted its position in shares of CocaCola by 1.1% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 2,158,337 shares of the company’s stock worth $152,702,000 after purchasing an additional 24,104 shares in the last quarter. Arista Wealth Management LLC purchased a new stake in shares of CocaCola in the 2nd quarter worth about $2,820,000. Riverbend Wealth Management LLC boosted its position in shares of CocaCola by 33.9% in the 2nd quarter. Riverbend Wealth Management LLC now owns 7,835 shares of the company’s stock worth $554,000 after buying an additional 1,984 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its position in shares of CocaCola by 2.5% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 11,939 shares of the company’s stock worth $845,000 after buying an additional 293 shares in the last quarter. Finally, Mattson Financial Services LLC boosted its position in shares of CocaCola by 1.8% in the 2nd quarter. Mattson Financial Services LLC now owns 47,221 shares of the company’s stock worth $3,341,000 after buying an additional 848 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by corporate insiders.

CocaCola Price Performance

NYSE:KO opened at $68.45 on Friday. The firm has a market cap of $294.60 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.52 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 1.49. The company’s 50-day moving average is $67.84 and its two-hundred day 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 released its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. Research analysts expect that CocaCola Company will post 2.96 EPS 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend 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 is currently 72.34%.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Wells Fargo & Company decreased their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. UBS Group decreased 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. Finally, BNP Paribas reiterated an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $76.69.

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.