Robertson Stephens Wealth Management LLC Buys 6,700 Shares of CocaCola Company (The) $KO

Robertson Stephens Wealth Management LLC increased its stake in CocaCola Company (The) (NYSE:KO) by 54.3% during the 2nd quarter, Holdings Channel reports. The firm owned 19,031 shares of the company’s stock after purchasing an additional 6,700 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in CocaCola were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KO. MorganRosel Wealth Management LLC bought a new position in CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC bought a new position in CocaCola during the first quarter valued at approximately $26,000. Garde Capital Inc. bought a new position in CocaCola during the first quarter valued at approximately $30,000. Mizuho Securities Co. Ltd. grew its position in CocaCola by 360.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock valued at $33,000 after acquiring an additional 360 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position in CocaCola by 148.4% during the first quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock valued at $34,000 after acquiring an additional 285 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Performance

NYSE:KO opened at $67.05 on Friday. The stock has a market cap of $288.55 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. The firm’s fifty day simple moving average is $68.06 and its 200 day simple moving average is $69.85. 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 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. As a group, research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola’s dividend payout ratio (DPR) is currently 72.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KO shares. Wells Fargo & Company reduced their price target on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on shares of CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. UBS Group cut 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. Finally, BNP Paribas restated an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $76.93.

Insider Buying and Selling

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 completion of the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.97% of the company’s stock.

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.