Grant Private Wealth Management Inc Sells 88,648 Shares of CocaCola Company (The) $KO

Grant Private Wealth Management Inc decreased its holdings in CocaCola Company (The) (NYSE:KO) by 92.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,784 shares of the company’s stock after selling 88,648 shares during the period. Grant Private Wealth Management Inc’s holdings in CocaCola were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Requisite Capital Management LLC lifted its holdings in CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after buying an additional 142 shares in the last quarter. Paulson Wealth Management Inc. grew its stake in CocaCola by 2.2% in the 2nd quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after acquiring an additional 149 shares in the last quarter. Summitry LLC grew its stake in CocaCola by 1.9% in the 2nd quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after acquiring an additional 149 shares in the last quarter. GDS Wealth Management increased its position in shares of CocaCola by 1.8% during the first quarter. GDS Wealth Management now owns 8,591 shares of the company’s stock worth $615,000 after acquiring an additional 150 shares during the period. Finally, Frisch Financial Group Inc. raised its stake in shares of CocaCola by 2.5% during the first quarter. Frisch Financial Group Inc. now owns 6,145 shares of the company’s stock valued at $443,000 after acquiring an additional 150 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 31,625 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $71.17, for a total transaction of $2,250,751.25. Following the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $15,894,396.10. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Max R. Levchin acquired 7,206 shares of the firm’s 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 SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 225,252 shares of company stock valued at $15,953,007. 0.90% of the stock is currently owned by company insiders.

CocaCola Trading Down 0.8%

Shares of NYSE KO opened at $70.38 on Wednesday. CocaCola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The business has a fifty day moving average price of $70.02 and a 200 day moving average price of $69.46. The stock has a market capitalization of $302.76 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 3.94 and a beta of 0.39. 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 announced its earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The business had revenue of $11.40 billion during the quarter. Equities research analysts expect that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Announces Dividend

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

Analyst Upgrades and Downgrades

KO has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. UBS Group restated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research note on Wednesday, October 22nd. Finally, Piper Sandler increased their target price on shares of 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 fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat, CocaCola presently has an average rating of “Buy” and a consensus price target of $79.08.

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.