Pullen Investment Management LLC Has $206,000 Stock Holdings in CocaCola Company (The) $KO

Pullen Investment Management LLC lessened its position in CocaCola Company (The) (NYSE:KO) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,906 shares of the company’s stock after selling 646 shares during the period. Pullen Investment Management LLC’s holdings in CocaCola were worth $206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $25,000. 1248 Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC lifted its position in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares in the last quarter. Finally, GFG Capital LLC bought a new stake in CocaCola during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KO shares. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday. Finally, Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and an average price target of $78.31.

CocaCola Stock Performance

CocaCola stock 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. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market cap of $300.13 billion, a PE ratio of 23.09, a PEG ratio of 3.64 and a beta of 0.43. The company’s 50-day moving average is $67.81 and its two-hundred day moving average is $69.74.

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 27.34% and a return on equity of 43.62%. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The company also recently declared 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 dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Insider Buying and Selling at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.97% of the stock is owned by corporate insiders.

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.