Burney Co. Has $2.72 Million Holdings in CocaCola Company (The) $KO

Burney Co. lowered its holdings in CocaCola Company (The) (NYSE:KO) by 28.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,012 shares of the company’s stock after selling 16,229 shares during the period. Burney Co.’s holdings in CocaCola were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KO. 1248 Management LLC bought a new position in CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $26,000 after buying an additional 360 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of CocaCola in the second quarter valued at $26,000. GFG Capital LLC bought a new position in shares of CocaCola in the second quarter valued at $34,000. Finally, MMA Asset Management LLC acquired a new position in CocaCola during the second quarter worth $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at CocaCola

In related news, Director Max R. Levchin purchased 7,206 shares of CocaCola stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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 Price Performance

Shares of NYSE KO opened at $69.90 on Friday. The firm has a market cap of $300.69 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 3.88 and a beta of 0.39. The business’s 50 day moving average is $70.51 and its 200-day moving average is $69.39. 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 Company has a 1-year low of $60.62 and a 1-year high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS 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. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. TD Cowen lifted their price target 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 price target on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Barclays reaffirmed an “overweight” rating on shares of CocaCola in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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.