West Family Investments Inc. Raises Position in CocaCola Company (The) $KO

West Family Investments Inc. raised its holdings in shares of CocaCola Company (The) (NYSE:KO) by 35.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 24,983 shares of the company’s stock after acquiring an additional 6,488 shares during the period. West Family Investments Inc.’s holdings in CocaCola were worth $1,768,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KO. Schroder Investment Management Group grew its position in CocaCola by 28.7% during the 2nd quarter. Schroder Investment Management Group now owns 11,713,984 shares of the company’s stock worth $828,764,000 after acquiring an additional 2,613,316 shares during the last quarter. Colonial Trust Advisors lifted its position in CocaCola by 4.5% in the second quarter. Colonial Trust Advisors now owns 196,382 shares of the company’s stock valued at $13,894,000 after purchasing an additional 8,402 shares during the last quarter. Norges Bank bought a new position in shares of CocaCola in the second quarter worth approximately $3,846,270,000. Measured Wealth Private Client Group LLC purchased a new position in shares of CocaCola in the second quarter worth $223,000. Finally, Level Four Advisory Services LLC raised its holdings in CocaCola by 1.5% during the 2nd quarter. Level Four Advisory Services LLC now owns 102,425 shares of the company’s stock valued at $7,247,000 after buying an additional 1,482 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 0.4%

KO opened at $73.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a market cap of $314.62 billion, a PE ratio of 24.22, a PEG ratio of 3.57 and a beta of 0.43. The business has a 50 day moving average of $69.03 and a 200-day moving average of $69.55.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is presently 67.55%.

Insider Activity at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the business’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. The trade was a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 225,252 shares of company stock worth $15,953,007 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen raised their price target on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Piper Sandler boosted their target price on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $78.43.

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.