BNP Paribas Purchases 12,065 Shares of CocaCola Company (The) $KO

BNP Paribas grew its position in CocaCola Company (The) (NYSE:KO) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 638,232 shares of the company’s stock after purchasing an additional 12,065 shares during the quarter. CocaCola makes up about 1.5% of BNP Paribas’ portfolio, making the stock its 15th largest position. BNP Paribas’ holdings in CocaCola were worth $45,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KO. Brighton Jones LLC grew its stake 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 purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC boosted its holdings 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 worth $548,000 after buying an additional 293 shares in the last quarter. Prudential PLC grew its position in shares of CocaCola by 6.1% during the 1st quarter. Prudential PLC now owns 76,479 shares of the company’s stock worth $5,477,000 after buying an additional 4,405 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of CocaCola during the 1st quarter worth approximately $63,000. Finally, Klingman & Associates LLC increased its stake in shares of CocaCola by 31.5% in the 1st quarter. Klingman & Associates LLC now owns 12,509 shares of the company’s stock valued at $896,000 after acquiring an additional 2,999 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KO. TD Cowen increased their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group reissued a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Bank of America raised their target price on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wells Fargo & Company upped their price target on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler increased their price target on CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $78.43.

Insider Buying and Selling

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction that occurred 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 transaction, the executive vice president owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This trade represents a 70.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the business’s 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 transaction, the chief operating officer owned 62,621 shares in the company, valued at $4,441,707.53. The trade was a 39.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,252 shares of company stock valued at $15,953,007 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

CocaCola Trading Up 0.2%

NYSE:KO opened at $70.20 on Thursday. 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 Company has a one year low of $60.62 and a one year high of $74.38. The company has a market cap of $301.97 billion, a PE ratio of 23.25, a PEG ratio of 3.89 and a beta of 0.39. The firm has a 50-day moving average of $69.72 and a 200-day moving average of $69.51.

CocaCola (NYSE:KO) last released its quarterly 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%. As a group, equities research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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