Pittenger & Anderson Inc. Buys 2,294 Shares of CocaCola Company (The) $KO

Pittenger & Anderson Inc. increased its holdings in CocaCola Company (The) (NYSE:KO) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,802 shares of the company’s stock after purchasing an additional 2,294 shares during the quarter. Pittenger & Anderson Inc.’s holdings in CocaCola were worth $4,655,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KO. Brighton Jones LLC grew its stake in shares of 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 during the last quarter. Revolve Wealth Partners LLC grew its stake 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 purchasing an additional 293 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of CocaCola by 19.0% in the first quarter. GAMMA Investing LLC now owns 83,231 shares of the company’s stock worth $5,961,000 after purchasing an additional 13,261 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of CocaCola in the first quarter worth $30,000. Finally, Ridgecrest Wealth Partners LLC grew its stake in shares of CocaCola by 2.2% in the first quarter. Ridgecrest Wealth Partners LLC now owns 30,408 shares of the company’s stock worth $2,178,000 after purchasing an additional 650 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of NYSE KO opened at $68.52 on Tuesday. The firm’s 50-day moving average price is $67.79 and its 200-day moving average price is $69.69. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The firm has a market capitalization of $294.90 billion, a P/E ratio of 24.30, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The firm had revenue of $11.40 billion for the quarter. Equities research analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. CocaCola’s dividend payout ratio is currently 72.34%.

Insider Buying and Selling at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the company’s stock in a transaction dated 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 owned 209,513 shares in the company, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. 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. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Finally, Wells Fargo & Company dropped their target price on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $76.69.

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.