CocaCola Company (The) $KO Stock Position Raised by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP grew its position in shares of CocaCola Company (The) (NYSE:KO) by 59,073.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 694,696 shares of the company’s stock after buying an additional 693,522 shares during the quarter. CocaCola makes up about 2.2% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 11th largest holding. Evelyn Partners Investment Management LLP’s holdings in CocaCola were worth $47,865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in CocaCola by 13.3% in the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of CocaCola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after buying an additional 293 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of CocaCola by 1.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 192,345 shares of the company’s stock worth $13,776,000 after acquiring an additional 3,581 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of CocaCola by 11.7% during the 1st quarter. Carnegie Investment Counsel now owns 100,323 shares of the company’s stock valued at $6,893,000 after acquiring an additional 10,499 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its stake in shares of CocaCola by 8.6% in the 1st quarter. Journey Strategic Wealth LLC now owns 11,539 shares of the company’s stock valued at $826,000 after acquiring an additional 918 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This represents a 70.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at $4,441,707.53. This represents a 39.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 225,252 shares of company stock valued at $15,953,007. Corporate insiders own 0.97% of the company’s stock.

CocaCola Trading Up 2.5%

Shares of KO stock opened at $72.96 on Friday. The firm has a market capitalization of $313.85 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm’s fifty day simple moving average is $68.39 and its 200 day simple moving average is $69.49. 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 issued its quarterly 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 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 Announces Dividend

The company 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.8%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen upped their target price on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Bank of America upped their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. UBS Group dropped 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, Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $78.43.

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.