116,823 Shares in CocaCola Company (The) $KO Bought by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in CocaCola Company (The) (NYSE:KO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 116,823 shares of the company’s stock, valued at approximately $8,265,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after buying an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Assetmark Inc. raised its position in shares of CocaCola by 14.7% during the 1st quarter. Assetmark Inc. now owns 175,330 shares of the company’s stock worth $12,557,000 after purchasing an additional 22,429 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in CocaCola by 2.4% in the 1st quarter. Cornerstone Advisory LLC now owns 7,756 shares of the company’s stock valued at $556,000 after buying an additional 183 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CocaCola by 1.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,926,916 shares of the company’s stock valued at $138,006,000 after buying an additional 36,258 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of NYSE:KO opened at $72.96 on Monday. The business’s 50-day simple moving average is $68.39 and its 200 day simple moving average is $69.46. The company has a market cap of $313.85 billion, a P/E ratio of 24.16, a PEG ratio of 3.57 and a beta of 0.43. 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 one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm 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%. On average, sell-side analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Insider Buying and Selling

In other news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the transaction, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 approximately $2,638,109.25. This represents a 26.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 225,252 shares of company stock worth $15,953,007. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. TD Cowen boosted their price objective on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company lifted their price objective on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Bank of America lifted their price target on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $78.43.

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.