Measured Wealth Private Client Group LLC Acquires Shares of 3,152 CocaCola Company (The) $KO

Measured Wealth Private Client Group LLC acquired a new stake in shares of CocaCola Company (The) (NYSE:KO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,152 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds have also recently modified their holdings of the stock. 1248 Management LLC bought a new stake in CocaCola in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its position 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 valued at $26,000 after purchasing an additional 360 shares in the last quarter. GFG Capital LLC bought a new stake in shares of CocaCola in the second quarter worth about $34,000. MMA Asset Management LLC purchased a new stake in shares of CocaCola in the second quarter worth about $34,000. Finally, Winnow Wealth LLC bought a new position in CocaCola during the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, EVP Monica Howard Douglas sold 13,548 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This represents a 26.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $71.17, for a total value of $2,250,751.25. Following the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on KO shares. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. TD Cowen boosted their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Bank of America increased their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays restated an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. One 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, CocaCola has a consensus rating of “Buy” and a consensus price target of $78.43.

CocaCola Trading Up 0.4%

KO stock opened at $73.14 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The stock has a market capitalization of $314.62 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 3.57 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. The firm’s fifty day simple moving average is $69.03 and its two-hundred day simple moving average is $69.55.

CocaCola (NYSE:KO) last released its earnings results 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 firm had revenue of $11.40 billion during the quarter. As a group, analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. CocaCola’s payout ratio is 67.55%.

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.