CocaCola Company (The) $KO Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in CocaCola Company (The) (NYSE:KO) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,084 shares of the company’s stock after acquiring an additional 87,714 shares during the period. American Century Companies Inc.’s holdings in CocaCola were worth $52,078,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KO. 1248 Management LLC bought a new stake in CocaCola in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of CocaCola by 5,142.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 360 shares in the last quarter. MMA Asset Management LLC acquired a new position in shares of CocaCola in the second quarter worth about $34,000. GFG Capital LLC purchased a new position in shares of CocaCola during the second quarter valued at $34,000. Finally, Winnow Wealth LLC purchased a new stake in CocaCola in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Price Performance

Shares of NYSE:KO opened at $73.02 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $314.11 billion, a PE ratio of 24.18, a PEG 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 firm has a 50 day moving average of $68.90 and a 200-day moving average of $69.53.

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

CocaCola Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. 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. UBS Group cut their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat, CocaCola currently has an average rating of “Buy” and an average price target of $78.43.

Insider Activity

In other news, Director Max R. Levchin purchased 7,206 shares of the company’s stock in a transaction on Friday, October 24th. The stock was acquired at an average price of $69.87 per share, with a total value of $503,483.22. Following the transaction, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This represents a 102.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Henrique Braun sold 40,390 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares of the company’s stock, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 225,252 shares of company stock worth $15,953,007. 0.90% of the stock is currently owned by insiders.

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.