Patriot Financial Group Insurance Agency LLC Grows Holdings in CocaCola Company (The) $KO

Patriot Financial Group Insurance Agency LLC increased its position in CocaCola Company (The) (NYSE:KO) by 56.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,852 shares of the company’s stock after buying an additional 9,720 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in CocaCola were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after buying an additional 4,591 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares during the last quarter. Algert Global LLC purchased a new position in shares of CocaCola during the 1st quarter worth about $253,000. Tradition Wealth Management LLC boosted its position in shares of CocaCola by 3.7% in the first quarter. Tradition Wealth Management LLC now owns 5,950 shares of the company’s stock worth $426,000 after acquiring an additional 213 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in CocaCola in the first quarter valued at approximately $481,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CocaCola

In related news, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction on Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the sale, the executive vice president owned 58,067 shares of the company’s stock, valued at $4,111,143.60. The trade was a 70.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 225,252 shares of company stock valued at $15,953,007. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Piper Sandler increased 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. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. One equities 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 company presently has an average rating of “Buy” and an average target price of $79.08.

CocaCola Trading Down 0.4%

NYSE:KO opened at $70.39 on Friday. The business’s 50-day moving average is $70.20 and its two-hundred day moving average is $69.47. The firm has a market capitalization of $302.79 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 3.93 and a beta of 0.39. CocaCola Company has a 12 month low of $60.62 and a 12 month 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.

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

CocaCola Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.51 per share. The ex-dividend date was Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

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.