Blake Schutter Theil Wealth Advisors LLC Takes $203,000 Position in CocaCola Company (The) $KO

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in CocaCola Company (The) (NYSE:KO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,866 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola in the first quarter valued at about $25,000. 1248 Management LLC acquired a new position in CocaCola in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its position in CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. Ridgewood Investments LLC boosted its position in CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares in the last quarter. Finally, GFG Capital LLC acquired a new position in CocaCola in the second quarter valued at about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by insiders.

CocaCola Trading Down 0.3%

KO opened at $69.74 on Friday. The firm’s fifty day moving average is $67.81 and its two-hundred day moving average is $69.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a market cap of $300.13 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The company had revenue of $11.40 billion for the quarter. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.51 per share. 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 presently 67.55%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KO. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday. Piper Sandler boosted 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. TD Cowen boosted their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BNP Paribas reissued an “outperform” rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.31.

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.