China Universal Asset Management Co. Ltd. Has $996,000 Stock Position in CocaCola Company (The) $KO

China Universal Asset Management Co. Ltd. reduced its stake in shares of CocaCola Company (The) (NYSE:KO) by 47.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,953 shares of the company’s stock after selling 12,632 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in CocaCola were worth $996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stonebridge Wealth Management LLC bought a new stake in shares of CocaCola in the second quarter valued at about $233,000. Orion Porfolio Solutions LLC raised its holdings in CocaCola by 7.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 293,119 shares of the company’s stock valued at $20,738,000 after acquiring an additional 19,192 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of CocaCola by 1.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 234,830 shares of the company’s stock worth $16,607,000 after acquiring an additional 2,487 shares during the period. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of CocaCola during the 2nd quarter worth approximately $8,547,000. Finally, Silverlake Wealth Management LLC grew its holdings in shares of CocaCola by 3.1% during the 2nd quarter. Silverlake Wealth Management LLC now owns 29,842 shares of the company’s stock worth $2,111,000 after purchasing an additional 909 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CocaCola

In related news, Director Max R. Levchin acquired 7,206 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the acquisition, the director directly owned 14,267 shares in the company, valued at $996,835.29. The trade was a 102.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the completion of the transaction, the executive vice president directly owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. This represents a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of CocaCola stock opened at $70.51 on Monday. The stock has a market capitalization of $303.29 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 3.92 and a beta of 0.39. The firm’s 50-day moving average price is $69.85 and its two-hundred day moving average price is $69.47. The company has a current ratio of 1.21, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

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 company 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 analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.9%. CocaCola’s payout ratio is currently 67.55%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KO. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. TD Cowen upped their target price on shares of CocaCola from $75.00 to $80.00 and gave the company 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. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Finally, Bank of America upped their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $79.08.

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.