CocaCola Company (The) $KO Position Raised by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its position in shares of CocaCola Company (The) (NYSE:KO) by 4,173.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,785 shares of the company’s stock after buying an additional 24,205 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in CocaCola were worth $1,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in CocaCola during the first quarter worth approximately $25,000. 1248 Management LLC bought a new position in shares of CocaCola in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its position in CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares in the last quarter. Ridgewood Investments LLC grew its position in CocaCola by 148.4% during the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 285 shares in the last quarter. Finally, GFG Capital LLC purchased a new position in CocaCola during the 2nd quarter worth approximately $34,000. Institutional investors own 70.26% of the company’s stock.

CocaCola Trading Down 0.3%

CocaCola stock opened at $69.74 on Friday. The company’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $69.74. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a market cap of $300.13 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.64 and a beta of 0.43.

CocaCola (NYSE:KO) last released its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The business had revenue of $11.40 billion during the quarter. As a group, sell-side analysts forecast that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Insider Activity

In related news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Saturday. TD Cowen lifted their price objective on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BNP Paribas restated an “outperform” rating and set a $83.00 price target on shares of CocaCola in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $78.31.

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.