CocaCola Company (The) $KO Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its stake in shares of CocaCola Company (The) (NYSE:KO) by 11.5% in the third quarter, HoldingsChannel.com reports. The firm owned 509,783 shares of the company’s stock after selling 66,081 shares during the period. Union Bancaire Privee UBP SA’s holdings in CocaCola were worth $33,809,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in shares of CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its holdings 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 during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CocaCola during the 2nd quarter worth about $26,000. GFG Capital LLC acquired a new stake in CocaCola during the second quarter worth approximately $34,000. Finally, MMA Asset Management LLC purchased a new stake in CocaCola in the second quarter valued at $34,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Max R. Levchin purchased 7,206 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was 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 owned 14,267 shares of the company’s stock, valued at $996,835.29. This represents a 102.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Henrique Braun sold 40,390 shares of the firm’s stock in a transaction 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 approximately $4,441,707.53. This represents a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 225,252 shares of company stock worth $15,953,007 over the last quarter. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KO. Bank of America raised 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. UBS Group reiterated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. Finally, TD Cowen boosted their price target on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, CocaCola has a consensus rating of “Buy” and a consensus target price of $79.08.

CocaCola Trading Down 0.8%

Shares of KO stock opened at $70.38 on Wednesday. The firm’s 50 day moving average price is $70.02 and its two-hundred day moving average price is $69.46. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market cap of $302.76 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 3.94 and a beta of 0.39.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (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 during the quarter. On average, analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently announced 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 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%.

CocaCola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.