Dnca Finance Trims Holdings in CocaCola Company (The) $KO

Dnca Finance reduced its position in shares of CocaCola Company (The) (NYSE:KO) by 20.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 125,000 shares of the company’s stock after selling 32,482 shares during the quarter. Dnca Finance’s holdings in CocaCola were worth $8,844,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KO. Jump Financial LLC grew its stake in CocaCola by 450.5% in the 2nd quarter. Jump Financial LLC now owns 39,583 shares of the company’s stock worth $2,800,000 after acquiring an additional 32,392 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of CocaCola by 12.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 5,382 shares of the company’s stock worth $381,000 after purchasing an additional 577 shares during the last quarter. Stenger Family Office LLC purchased a new stake in shares of CocaCola in the second quarter valued at $517,000. Victory Financial Group LLC increased its stake in shares of CocaCola by 24.3% during the 2nd quarter. Victory Financial Group LLC now owns 5,825 shares of the company’s stock valued at $412,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Morton Community Bank increased its position in CocaCola by 2.8% during the second quarter. Morton Community Bank now owns 51,019 shares of the company’s stock worth $3,610,000 after purchasing an additional 1,401 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

CocaCola Trading Down 0.7%

CocaCola stock 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 firm’s 50-day moving average is $69.49 and its 200-day moving average is $69.54. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The company has a market cap of $300.85 billion, a P/E ratio of 23.16, a PEG ratio of 3.89 and a beta of 0.39.

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

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. TD Cowen lifted their target price on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Bank of America lifted their target price on shares of CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 7th. Cowen reissued a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Finally, Evercore ISI reiterated an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $78.43.

Insider Buying and Selling at CocaCola

In other news, EVP Manuel Arroyo sold 139,689 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 58,067 shares of the company’s stock, valued at approximately $4,111,143.60. The trade was a 70.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Max R. Levchin purchased 7,206 shares of the stock in a transaction dated Friday, October 24th. The shares were purchased at an average price 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. The trade was a 102.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 225,252 shares of company stock worth $15,953,007. 0.97% of the stock is owned by company insiders.

About CocaCola

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.