Regent Peak Wealth Advisors LLC Takes $8.86 Million Position in CocaCola Company (The) $KO

Regent Peak Wealth Advisors LLC bought a new position in shares of CocaCola Company (The) (NYSE:KO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 133,583 shares of the company’s stock, valued at approximately $8,859,000. CocaCola comprises 1.7% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 15th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CocaCola during the second quarter worth about $3,846,270,000. Vanguard Group Inc. raised its position in shares of CocaCola by 1.7% in 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. Laurel Wealth Advisors LLC boosted its stake in CocaCola by 7,239.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,149,632 shares of the company’s stock worth $435,086,000 after purchasing an additional 6,065,840 shares in the last quarter. Assenagon Asset Management S.A. grew its position in CocaCola by 343.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,486,096 shares of the company’s stock worth $297,518,000 after purchasing an additional 3,474,015 shares during the last quarter. Finally, Amundi grew its position in CocaCola by 16.0% during the 1st quarter. Amundi now owns 21,236,315 shares of the company’s stock worth $1,554,074,000 after purchasing an additional 2,922,619 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

CocaCola Stock Up 0.2%

Shares of KO opened at $69.99 on Friday. The firm has a market cap of $301.07 billion, a P/E ratio of 23.18, a PEG ratio of 3.89 and a beta of 0.39. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock’s 50 day moving average is $70.48 and its two-hundred day moving average is $69.42. 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 (NYSE:KO) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The firm 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%. Analysts predict that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on KO. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Bank of America lifted their price objective on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Evercore ISI restated an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $79.08.

Insider Buying and Selling

In other CocaCola news, Director Max R. Levchin bought 7,206 shares of the stock in a transaction on Friday, October 24th. The shares were bought at an average price of $69.87 per share, with a total value of $503,483.22. Following the purchase, the director directly owned 14,267 shares in the company, valued at $996,835.29. This trade represents a 102.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $69.93, for a total transaction of $947,411.64. Following the sale, the executive vice president directly owned 37,725 shares of the company’s stock, valued at $2,638,109.25. The trade was a 26.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,252 shares of company stock worth $15,953,007 in the last ninety days. Company 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.