Douglas Lane & Associates LLC Has $64.48 Million Position in CocaCola Company (The) $KO

Douglas Lane & Associates LLC decreased its position in shares of CocaCola Company (The) (NYSE:KO) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 972,283 shares of the company’s stock after selling 31,257 shares during the period. Douglas Lane & Associates LLC’s holdings in CocaCola were worth $64,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in KO. 1248 Management LLC acquired a new position in shares of CocaCola during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its stake in 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. Headlands Technologies LLC bought a new position in CocaCola in the second quarter valued at about $26,000. MMA Asset Management LLC acquired a new position in CocaCola during the second quarter worth about $34,000. Finally, GFG Capital LLC bought a new position in shares of CocaCola in the second quarter worth about $34,000. 70.26% of the stock is owned by institutional investors.

Insider Transactions at CocaCola

In other news, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction on Friday, November 14th. The stock was sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the transaction, the executive vice president directly owned 58,067 shares of the company’s stock, valued at $4,111,143.60. This represents a 70.64% decrease in their position. 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 worth $15,953,007. Company insiders own 0.97% of the company’s stock.

CocaCola Stock Down 0.4%

Shares of KO opened at $70.10 on Friday. The stock’s 50-day moving average price is $70.26 and its two-hundred day moving average price is $69.45. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a market capitalization of $301.53 billion, a PE ratio of 23.21, a PEG ratio of 3.89 and a beta of 0.39. 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 (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The company 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%. On average, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on KO shares. Bank of America upped their price objective on shares of CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. TD Cowen raised their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $79.08.

CocaCola Company Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.