68,442 Shares in CocaCola Company (The) $KO Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in CocaCola Company (The) (NYSE:KO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 68,442 shares of the company’s stock, valued at approximately $4,842,000.

Other institutional investors have also recently bought and sold shares of the company. L2 Asset Management LLC lifted its position in shares of CocaCola by 5.7% during the 2nd quarter. L2 Asset Management LLC now owns 15,795 shares of the company’s stock worth $1,117,000 after purchasing an additional 853 shares during the last quarter. Transce3nd LLC increased its position in CocaCola by 5.8% in the 2nd quarter. Transce3nd LLC now owns 9,371 shares of the company’s stock worth $663,000 after buying an additional 512 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of CocaCola by 341.9% during the second quarter. WINTON GROUP Ltd now owns 50,800 shares of the company’s stock worth $3,594,000 after buying an additional 39,304 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of CocaCola in the second quarter valued at approximately $59,000. Finally, Baker Avenue Asset Management LP grew its stake in shares of CocaCola by 0.6% in the second quarter. Baker Avenue Asset Management LP now owns 28,523 shares of the company’s stock worth $2,018,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Max R. Levchin bought 7,206 shares of CocaCola stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of $69.87 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. 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 in the last ninety days. 0.90% of the stock is owned by insiders.

CocaCola Stock Down 0.7%

NYSE:KO opened at $69.94 on Monday. The company has a market cap of $300.85 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 3.89 and a beta of 0.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The stock’s fifty day moving average price is $69.49 and its two-hundred day moving average price is $69.53. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

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

CocaCola Announces Dividend

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

Analyst Upgrades and Downgrades

KO has been the subject of several research analyst reports. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Piper Sandler lifted their target price on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America lifted their price objective on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company raised their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, UBS Group restated a “buy” rating on shares of CocaCola in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $78.43.

About CocaCola

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.