The Coca-Cola Company (NYSE:KO) is Aquatic Capital Management LLC's 5th Largest Position

Aquatic Capital Management LLC cut its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 620,934 shares of the company's stock after selling 225,166 shares during the quarter. Coca-Cola comprises approximately 1.0% of Aquatic Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Aquatic Capital Management LLC's holdings in Coca-Cola were worth $38,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Coca-Cola by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares during the last quarter. Norges Bank purchased a new position in shares of Coca-Cola during the 4th quarter worth approximately $3,402,151,000. Franklin Resources Inc. raised its position in Coca-Cola by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after purchasing an additional 6,118,819 shares during the period. Capital International Investors grew its stake in shares of Coca-Cola by 96.0% in the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after buying an additional 12,222,885 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Coca-Cola by 18.2% during the 4th quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after acquiring an additional 3,791,300 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Performance

Shares of NYSE KO traded down $0.18 during midday trading on Monday, reaching $71.73. 15,954,828 shares of the company were exchanged, compared to its average volume of 15,397,552. The stock has a market cap of $308.69 billion, a P/E ratio of 29.04, a PEG ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock has a fifty day simple moving average of $70.78 and a 200 day simple moving average of $66.48. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio is presently 82.59%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,423 shares of company stock worth $22,263,071. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the topic of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Piper Sandler raised their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $75.06.

Coca-Cola Company 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.