CocaCola Company (The) $KO Shares Sold by Allianz SE

Allianz SE trimmed its position in CocaCola Company (The) (NYSE:KO) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,057 shares of the company’s stock after selling 2,885 shares during the period. Allianz SE’s holdings in CocaCola were worth $11,678,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KO. Perigon Wealth Management LLC raised its position in shares of CocaCola by 3.6% during the second quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in CocaCola by 6.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,889,415 shares of the company’s stock valued at $2,212,300,000 after buying an additional 1,794,561 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of CocaCola in the second quarter worth about $22,443,000. Roundview Capital LLC increased its position in shares of CocaCola by 9.1% in the second quarter. Roundview Capital LLC now owns 34,965 shares of the company’s stock worth $2,474,000 after acquiring an additional 2,923 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its holdings in shares of CocaCola by 72.6% during the second quarter. Banque Pictet & Cie SA now owns 204,392 shares of the company’s stock valued at $14,461,000 after acquiring an additional 85,950 shares during the period. Institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

NYSE KO opened at $71.57 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $307.87 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 3.57 and a beta of 0.43. CocaCola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company has a 50 day moving average price of $67.89 and a two-hundred day moving average price of $69.50.

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 27.34% and a return on equity of 43.62%. As a group, equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal 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 paid a dividend of $0.51 per share. 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%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Finally, Piper Sandler increased their price objective on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $78.43.

Insider Transactions at CocaCola

In related news, Director Max R. Levchin acquired 7,206 shares of the stock in a transaction dated Friday, October 24th. The shares were acquired at an average price of $69.87 per share, with a total value of $503,483.22. Following the acquisition, the director owned 14,267 shares in the company, valued at approximately $996,835.29. The trade was a 102.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $69.93, for a total value of $947,411.64. Following the completion of the sale, the executive vice president owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. This trade represents a 26.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.97% of the company’s stock.

CocaCola Company 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.