Winebrenner Capital Management LLC Has $1.41 Million Stock Holdings in CocaCola Company (The) $KO

Winebrenner Capital Management LLC increased its position in shares of CocaCola Company (The) (NYSE:KO) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,911 shares of the company’s stock after buying an additional 276 shares during the quarter. CocaCola accounts for 1.1% of Winebrenner Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Winebrenner Capital Management LLC’s holdings in CocaCola were worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its position in CocaCola by 3.6% during the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after buying an additional 4,469 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CocaCola by 6.2% during the first 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 purchasing an additional 1,794,561 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CocaCola during the second quarter valued at approximately $22,443,000. Banque Pictet & Cie SA boosted its holdings in CocaCola by 72.6% during the second quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after purchasing an additional 85,950 shares in the last quarter. Finally, Roundview Capital LLC boosted its holdings in 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 owned by institutional investors and hedge funds.

CocaCola Stock Up 0.2%

Shares of KO opened at $70.23 on Wednesday. The company has a market capitalization of $302.09 billion, a P/E ratio of 23.25, a PEG ratio of 3.66 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The business’s 50 day simple moving average is $67.84 and its 200-day simple moving average is $69.73.

CocaCola (NYSE:KO) last announced its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. As a group, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is presently 67.55%.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s 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 completion of the transaction, the insider owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the transaction, the executive vice president owned 37,725 shares of the company’s stock, valued at $2,638,109.25. This trade represents a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their price objective on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.