Brookstone Capital Management Has $5.67 Million Stake in CocaCola Company (The) $KO

Brookstone Capital Management trimmed its position in CocaCola Company (The) (NYSE:KO) by 44.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,544 shares of the company’s stock after selling 68,454 shares during the period. Brookstone Capital Management’s holdings in CocaCola were worth $5,673,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1248 Management LLC acquired a new stake in shares of CocaCola in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in CocaCola by 5,142.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 367 shares of the company’s stock worth $26,000 after buying an additional 360 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of CocaCola during the 2nd quarter worth about $26,000. MMA Asset Management LLC bought a new position in shares of CocaCola in the 2nd quarter valued at about $34,000. Finally, GFG Capital LLC bought a new position in shares of CocaCola in the second quarter valued at $34,000. 70.26% of the stock is currently owned by institutional investors.

CocaCola Stock Down 0.3%

Shares of NYSE KO opened at $69.90 on Friday. The stock’s fifty day moving average is $70.51 and its 200 day moving average is $69.41. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 stock has a market capitalization of $300.69 billion, a P/E ratio of 23.15, a PEG ratio of 3.89 and a beta of 0.39.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. Sell-side analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on KO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of CocaCola in a research note on Friday, December 5th. Bank of America increased their price target on CocaCola from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 7th. TD Cowen raised 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. Finally, Piper Sandler increased their price objective on shares of CocaCola from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. 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, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $79.08.

Insider Activity at CocaCola

In other CocaCola news, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Manuel Arroyo sold 139,689 shares of CocaCola stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $70.80, for a total value of $9,889,981.20. Following the transaction, the executive vice president directly owned 58,067 shares in the company, valued at $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 have sold a total of 225,252 shares of company stock worth $15,953,007 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

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.