Perpetual Ltd Has $1.22 Million Holdings in CocaCola Company (The) $KO

Perpetual Ltd decreased its stake in CocaCola Company (The) (NYSE:KO) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,417 shares of the company’s stock after selling 7,621 shares during the quarter. Perpetual Ltd’s holdings in CocaCola were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KO. 1248 Management LLC bought a new stake in CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew 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 period. Headlands Technologies LLC bought a new stake in shares of CocaCola in the 2nd quarter valued at $26,000. GFG Capital LLC acquired a new stake in CocaCola during the 2nd quarter worth $34,000. Finally, MMA Asset Management LLC bought a new position in CocaCola during the second quarter worth about $34,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

CocaCola Stock Down 0.4%

Shares of KO stock opened at $70.10 on Friday. The firm’s fifty day moving average price is $70.26 and its two-hundred day moving average price is $69.45. 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. The firm has a market capitalization of $301.53 billion, a P/E ratio of 23.21, a PEG ratio of 3.89 and a beta of 0.39.

CocaCola (NYSE:KO) last released its 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 business had revenue of $11.40 billion for the quarter. On average, equities analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. TD Cowen lifted their price target on shares of CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $79.08.

Insiders Place Their Bets

In other news, COO Henrique Braun sold 40,390 shares of CocaCola stock in a transaction dated Tuesday, November 11th. The shares were 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 of the company’s stock, valued at $4,441,707.53. This trade represents a 39.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Manuel Arroyo sold 139,689 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $70.80, for a total transaction of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 225,252 shares of company stock valued at $15,953,007 in the last ninety days. 0.97% of the stock is currently owned by insiders.

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.