Braun Stacey Associates Inc. Increases Stock Position in CocaCola Company (The) $KO

Braun Stacey Associates Inc. grew its stake in CocaCola Company (The) (NYSE:KO) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,543 shares of the company’s stock after buying an additional 12,979 shares during the period. Braun Stacey Associates Inc.’s holdings in CocaCola were worth $21,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KO. Sava Infond d.o.o. raised its stake in shares of CocaCola by 210.8% during the second quarter. Sava Infond d.o.o. now owns 5,750 shares of the company’s stock worth $407,000 after acquiring an additional 3,900 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CocaCola by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 367,441,971 shares of the company’s stock valued at $25,996,519,000 after purchasing an additional 6,241,163 shares during the last quarter. Perigon Wealth Management LLC raised its position in CocaCola by 3.6% in the 2nd quarter. Perigon Wealth Management LLC now owns 130,164 shares of the company’s stock worth $9,209,000 after purchasing an additional 4,469 shares during the period. Aberdeen Group plc lifted its stake in CocaCola by 5.0% in the second quarter. Aberdeen Group plc now owns 4,557,668 shares of the company’s stock worth $322,455,000 after purchasing an additional 216,752 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CocaCola during the second quarter valued at about $22,443,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KO shares. Bank of America lifted their price objective on CocaCola from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Cowen reiterated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Evercore ISI restated an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Wells Fargo & Company increased their target price on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Piper Sandler boosted their price target on CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $79.08.

Insider Buying and Selling

In other CocaCola news, COO Henrique Braun sold 40,390 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total value of $2,864,862.70. Following the completion of the transaction, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Max R. Levchin acquired 7,206 shares of the stock in a transaction on Friday, October 24th. The shares were purchased at an average cost of $69.87 per share, with a total value of $503,483.22. Following the transaction, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 225,252 shares of company stock valued at $15,953,007 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

CocaCola Price Performance

Shares of NYSE KO opened at $69.94 on Friday. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a market capitalization of $300.85 billion, a P/E ratio of 23.16, a P/E/G ratio of 3.88 and a beta of 0.39. The company’s 50-day moving average is $70.50 and its 200 day moving average is $69.36. 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 issued its quarterly earnings data on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. On average, sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

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