The Coca-Cola Company (NYSE:KO) Stock Holdings Lifted by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 504.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,364 shares of the company's stock after purchasing an additional 65,399 shares during the period. Coca-Cola accounts for approximately 0.9% of Aigen Investment Management LP's portfolio, making the stock its 6th largest position. Aigen Investment Management LP's holdings in Coca-Cola were worth $4,879,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Harvest Portfolios Group Inc. purchased a new stake in Coca-Cola in the third quarter worth about $18,383,000. Balentine LLC lifted its holdings in Coca-Cola by 92.4% in the third quarter. Balentine LLC now owns 28,493 shares of the company's stock worth $2,048,000 after buying an additional 13,685 shares during the period. Rice Partnership LLC lifted its holdings in Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after buying an additional 6,793 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in Coca-Cola by 104.9% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company's stock worth $8,351,000 after buying an additional 59,503 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after buying an additional 8,499 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company raised their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI lifted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $74.24.

Insiders Place Their Bets

In other news, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now owns 94,676 shares in the company, valued at $6,769,334. This trade represents a 12.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. This represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 232,646 shares of company stock valued at $16,515,469. Company insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

NYSE:KO traded down $0.03 during trading hours on Wednesday, reaching $70.17. The company had a trading volume of 23,930,827 shares, compared to its average volume of 17,578,992. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm has a market cap of $301.78 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.79 and a beta of 0.61. The firm's 50 day moving average price is $65.02 and its 200-day moving average price is $66.55.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, March 14th. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is 82.59%.

Coca-Cola Profile

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.