Chicago Partners Investment Group LLC Grows Position in CocaCola Company (The) $KO

Chicago Partners Investment Group LLC raised its stake in CocaCola Company (The) (NYSE:KO) by 10.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 39,516 shares of the company’s stock after acquiring an additional 3,810 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in CocaCola were worth $2,733,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC acquired a new position in shares of CocaCola in the 1st quarter worth approximately $26,000. Garde Capital Inc. bought a new stake in shares of CocaCola in the 1st quarter valued at approximately $30,000. Ridgewood Investments LLC raised its position in shares of CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares in the last quarter. Finally, GFG Capital LLC bought a new position in CocaCola during the second quarter worth $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KO shares. JPMorgan Chase & Co. boosted their target price on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. UBS Group cut their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.69.

CocaCola Stock Up 1.3%

KO stock opened at $68.45 on Monday. The stock has a market cap of $294.60 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. The firm’s 50-day simple moving average is $67.84 and its 200 day simple moving average is $69.69. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion during the quarter. As a group, sell-side analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

CocaCola Company 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.