Spirepoint Private Client LLC Increases Stock Position in CocaCola Company (The) $KO

Spirepoint Private Client LLC lifted its position in shares of CocaCola Company (The) (NYSE:KO) by 148.7% during the third quarter, Holdings Channel reports. The firm owned 12,524 shares of the company’s stock after acquiring an additional 7,489 shares during the period. Spirepoint Private Client LLC’s holdings in CocaCola were worth $831,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Requisite Capital Management LLC lifted its position in shares of CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock worth $377,000 after buying an additional 142 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in CocaCola by 2.2% during the second quarter. Paulson Wealth Management Inc. now owns 6,773 shares of the company’s stock worth $479,000 after acquiring an additional 149 shares during the period. Summitry LLC boosted its position in CocaCola by 1.9% in the second quarter. Summitry LLC now owns 7,865 shares of the company’s stock worth $556,000 after purchasing an additional 149 shares during the last quarter. Pacifica Partners Inc. grew its stake in CocaCola by 6.3% in the 2nd quarter. Pacifica Partners Inc. now owns 2,518 shares of the company’s stock valued at $177,000 after purchasing an additional 150 shares during the period. Finally, Cetera Trust Company N.A increased its position in shares of CocaCola by 0.5% during the 2nd quarter. Cetera Trust Company N.A now owns 30,371 shares of the company’s stock valued at $2,149,000 after purchasing an additional 150 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Transactions at CocaCola

In other news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares in the company, valued at approximately $15,894,396.10. This trade represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Monica Howard Douglas sold 13,548 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,638,109.25. This trade represents a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 225,252 shares of company stock valued at $15,953,007. Company insiders own 0.90% of the company’s stock.

CocaCola Stock Down 1.6%

CocaCola stock opened at $67.98 on Tuesday. The firm has a 50 day simple moving average of $70.45 and a 200 day simple moving average of $69.34. 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 $292.42 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 3.56 and a beta of 0.39.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $11.40 billion for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. On average, analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 3.0%. CocaCola’s dividend payout ratio is currently 67.55%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. UBS Group reiterated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Finally, Evercore ISI restated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat, CocaCola has an average rating of “Buy” and a consensus target price of $79.08.

About CocaCola

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.