Premier Path Wealth Partners LLC Purchases 2,139 Shares of CocaCola Company (The) $KO

Premier Path Wealth Partners LLC grew its holdings in CocaCola Company (The) (NYSE:KO) by 15.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,797 shares of the company’s stock after acquiring an additional 2,139 shares during the period. Premier Path Wealth Partners LLC’s holdings in CocaCola were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KO. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of CocaCola by 148.4% in the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after buying an additional 285 shares during the last quarter. GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at approximately $34,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of CocaCola in the first quarter valued at approximately $42,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was 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 $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Max R. Levchin acquired 7,206 shares of the stock in a transaction on Friday, October 24th. The shares were bought at an average price of $69.87 per share, for a total transaction of $503,483.22. Following the purchase, the director owned 14,267 shares in the company, valued at approximately $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.97% of the company’s stock.

CocaCola Price Performance

Shares of CocaCola stock opened at $69.02 on Friday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. 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 company has a 50-day simple moving average of $67.76 and a two-hundred day simple moving average of $69.71. The stock has a market capitalization of $296.88 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43.

CocaCola (NYSE:KO) last issued 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 27.34% and a return on equity of 43.62%. The business had revenue of $11.40 billion during the quarter. Analysts forecast that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KO. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Cowen reiterated a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus price target 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.