Rede Wealth LLC Buys 11,257 Shares of CocaCola Company (The) $KO

Rede Wealth LLC raised its position in shares of CocaCola Company (The) (NYSE:KOFree Report) by 200.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,874 shares of the company’s stock after acquiring an additional 11,257 shares during the period. CocaCola makes up about 0.9% of Rede Wealth LLC’s investment portfolio, making the stock its 25th largest position. Rede Wealth LLC’s holdings in CocaCola were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 1248 Management LLC bought a new position in CocaCola during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted 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 buying an additional 360 shares during the period. Headlands Technologies LLC purchased a new position in shares of CocaCola during the second quarter valued at approximately $26,000. GFG Capital LLC bought a new position in shares of CocaCola during the second quarter valued at approximately $34,000. Finally, MMA Asset Management LLC purchased a new stake in shares of CocaCola in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KO shares. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. TD Cowen lifted their price objective on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Bank of America boosted 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. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.08.

Get Our Latest Research Report on CocaCola

Insider Transactions at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the transaction, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 225,252 shares of company stock worth $15,953,007. Company insiders own 0.90% of the company’s stock.

CocaCola Stock Down 0.1%

Shares of CocaCola stock opened at $70.08 on Wednesday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. 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 stock has a market cap of $301.47 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.90 and a beta of 0.39. The firm’s 50-day moving average is $70.52 and its two-hundred day moving average is $69.35.

CocaCola (NYSE:KOGet Free Report) 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 during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. As a group, research analysts expect that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 1st. CocaCola’s payout ratio is presently 67.55%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

CocaCola Company Profile

(Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

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Institutional Ownership by Quarter for CocaCola (NYSE:KO)

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