CocaCola Company (The) $KO Holdings Decreased by Invictus Private Wealth LLC

Invictus Private Wealth LLC lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,651 shares of the company’s stock after selling 469 shares during the quarter. Invictus Private Wealth LLC’s holdings in CocaCola were worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in CocaCola during the 1st quarter valued at approximately $25,000. 1248 Management LLC acquired a new position in CocaCola during the 1st quarter valued at approximately $26,000. Garde Capital Inc. acquired a new position in CocaCola during the 1st quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. boosted its position in CocaCola by 360.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after purchasing an additional 360 shares during the period. Finally, Ridgewood Investments LLC boosted its position in 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 purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Stock Performance

Shares of KO stock opened at $67.05 on Friday. 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 0.98 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $288.55 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.46 and a beta of 0.43. The stock’s fifty day simple moving average is $68.06 and its 200-day simple moving average is $69.85.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $11.40 billion for the quarter. On average, sell-side analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. CocaCola’s payout ratio is 72.34%.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday. UBS Group dropped their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, CocaCola has an average rating of “Buy” and a consensus price target of $76.93.

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.