CocaCola Company (The) $KO Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its position in CocaCola Company (The) (NYSE:KO) by 44.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,544 shares of the company’s stock after selling 68,454 shares during the quarter. Brookstone Capital Management’s holdings in CocaCola were worth $5,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 1248 Management LLC acquired a new stake in shares of CocaCola in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its position in CocaCola by 5,142.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola in the second quarter valued at approximately $26,000. GFG Capital LLC bought a new stake in shares of CocaCola during the second quarter valued at approximately $34,000. Finally, MMA Asset Management LLC acquired a new position in shares of CocaCola during the second quarter worth approximately $34,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. The trade was a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the 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 completion of the transaction, the executive vice president directly owned 37,725 shares in the company, valued at approximately $2,638,109.25. This trade represents a 26.42% 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. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on KO shares. TD Cowen boosted their target price on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Bank of America boosted their target price 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. Piper Sandler increased their price target on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Finally, UBS Group reissued a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and an average target price of $79.08.

CocaCola Trading Down 0.3%

Shares of KO opened at $69.90 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 cap of $300.69 billion, a PE ratio of 23.15, a PEG ratio of 3.89 and a beta of 0.39. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a 50 day simple moving average of $70.51 and a 200-day simple moving average of $69.41.

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

CocaCola Announces Dividend

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

CocaCola 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.