Campbell & CO Investment Adviser LLC Has $2.79 Million Holdings in CocaCola Company (The) $KO

Campbell & CO Investment Adviser LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,478 shares of the company’s stock after selling 4,890 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CocaCola were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in CocaCola during the 1st quarter worth about $1,508,657,000. Wellington Management Group LLP lifted its stake in shares of CocaCola by 52.7% in the 1st quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company’s stock valued at $3,398,185,000 after purchasing an additional 16,383,870 shares during the period. Boston Partners bought a new stake in shares of CocaCola during the 1st quarter valued at about $642,183,000. Raymond James Financial Inc. grew its stake in CocaCola by 47.4% during the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company’s stock worth $848,315,000 after purchasing an additional 3,810,752 shares during the period. Finally, Amundi increased its holdings in CocaCola by 16.0% in the first quarter. Amundi now owns 21,236,315 shares of the company’s stock worth $1,554,074,000 after purchasing an additional 2,922,619 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KO has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. BNP Paribas reissued an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. TD Cowen raised their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Bank of America upped their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $78.43.

CocaCola Stock Up 2.2%

CocaCola stock opened at $70.61 on Monday. The firm has a market capitalization of $303.75 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The firm’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $69.51. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share 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%. On average, equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction 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 represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Max R. Levchin bought 7,206 shares of the stock in a transaction on Friday, October 24th. The stock was purchased at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the purchase, the director directly owned 14,267 shares in the company, valued at approximately $996,835.29. This represents a 102.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.97% of the company’s stock.

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.