OneAscent Family Office LLC Lowers Position in CocaCola Company (The) $KO

OneAscent Family Office LLC trimmed its position in shares of CocaCola Company (The) (NYSE:KO) by 47.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,162 shares of the company’s stock after selling 3,806 shares during the period. OneAscent Family Office LLC’s holdings in CocaCola were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new position in shares of CocaCola during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC boosted its position in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares during the period. GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at about $34,000. Finally, MMA Asset Management LLC purchased a new stake in shares of CocaCola during the 2nd quarter valued at about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on KO shares. UBS Group lowered their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Piper Sandler lifted their price target on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $78.31.

CocaCola Stock Performance

Shares of KO opened at $68.53 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a fifty day moving average of $67.71 and a 200-day moving average of $69.58. The company has a market cap of $294.79 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

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

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Insider Transactions at CocaCola

In related news, Director Max R. Levchin bought 7,206 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were acquired at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the acquisition, the director directly owned 14,267 shares of the company’s stock, valued at $996,835.29. The trade was a 102.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.

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.