Bellecapital International Ltd. Raises Holdings in CocaCola Company (The) $KO

Bellecapital International Ltd. raised its position in CocaCola Company (The) (NYSE:KO) by 217.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,271 shares of the company’s stock after acquiring an additional 24,150 shares during the quarter. Bellecapital International Ltd.’s holdings in CocaCola were worth $2,339,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. 1248 Management LLC purchased a new position in CocaCola during the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 buying an additional 360 shares during the last quarter. Headlands Technologies LLC purchased a new stake in CocaCola during the second quarter valued at approximately $26,000. GFG Capital LLC purchased a new position in CocaCola during the second quarter valued at $34,000. Finally, MMA Asset Management LLC bought a new stake in CocaCola during the 2nd quarter worth approximately $34,000. 70.26% of the stock is owned by institutional investors.

CocaCola Stock Down 0.3%

KO stock opened at $69.90 on Friday. The firm has a 50-day simple moving average of $70.51 and a 200-day simple moving average of $69.39. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $300.69 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.88 and a beta of 0.39.

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

CocaCola Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on KO shares. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Wells Fargo & Company lifted their price objective on CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, TD Cowen boosted their target price on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, CocaCola presently has an average rating of “Buy” and a consensus price target of $79.08.

Insider Buying and Selling at CocaCola

In other CocaCola news, Director Max R. Levchin acquired 7,206 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of $69.87 per share, with a total value of $503,483.22. Following the transaction, the director owned 14,267 shares of the company’s stock, valued at $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Henrique Braun sold 40,390 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the transaction, the chief operating officer directly owned 62,621 shares of the company’s stock, 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. In the last quarter, insiders sold 225,252 shares of company stock worth $15,953,007. Insiders own 0.97% of the company’s stock.

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.