Koss Olinger Consulting LLC Reduces Holdings in CocaCola Company (The) $KO

Koss Olinger Consulting LLC reduced its holdings in shares of CocaCola Company (The) (NYSE:KO) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,875 shares of the company’s stock after selling 353 shares during the period. Koss Olinger Consulting LLC’s holdings in CocaCola were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KO. MorganRosel Wealth Management LLC purchased a new stake in shares of CocaCola during the first quarter worth about $25,000. 1248 Management LLC purchased a new stake in shares of CocaCola during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of CocaCola by 5,142.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after buying an additional 360 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares in the last quarter. Finally, GFG Capital LLC purchased a new stake in shares of CocaCola during the second quarter worth about $34,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares of the company’s stock, 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Max R. Levchin purchased 7,206 shares of CocaCola stock in a transaction on Friday, October 24th. The shares were acquired at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the transaction, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

CocaCola Trading Up 0.5%

Shares of KO stock opened at $70.07 on Tuesday. The stock has a market cap of $301.43 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm’s 50 day moving average price is $67.83 and its two-hundred day moving average price is $69.74.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm 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, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.