Laffer Tengler Investments Inc. Buys 4,143 Shares of CocaCola Company (The) $KO

Laffer Tengler Investments Inc. raised its holdings in shares of CocaCola Company (The) (NYSE:KO) by 100.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,287 shares of the company’s stock after purchasing an additional 4,143 shares during the period. Laffer Tengler Investments Inc.’s holdings in CocaCola were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 1248 Management LLC acquired a new stake in CocaCola during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the period. Ridgewood Investments LLC boosted its position in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after purchasing an additional 285 shares during the last quarter. GFG Capital LLC acquired a new stake in shares of CocaCola during the second quarter worth $34,000. Finally, MMA Asset Management LLC bought a new stake in shares of CocaCola in the 2nd quarter valued at about $34,000. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Max R. Levchin purchased 7,206 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average price of $69.87 per share, with a total value of $503,483.22. Following the completion of the purchase, the director directly owned 14,267 shares in the company, valued at $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares of the company’s stock, valued at $2,638,109.25. This represents a 26.42% decrease in their position. The SEC filing for this sale provides additional information. 0.97% of the stock is owned by company insiders.

CocaCola Stock Performance

Shares of NYSE KO opened at $70.61 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. The firm has a market cap of $303.75 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 3.57 and a beta of 0.43. The stock’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $69.51. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion during the quarter. On average, equities analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The business also recently declared 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 2.9%. CocaCola’s dividend payout ratio is currently 67.55%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group reduced their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. TD Cowen upped their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, BNP Paribas reissued an “outperform” rating and issued a $83.00 price objective on shares of CocaCola in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $78.43.

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.