Assetmark Inc. Has $9.52 Million Position in The Coca-Cola Company (NYSE:KO)

Assetmark Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,901 shares of the company's stock after purchasing an additional 43,836 shares during the quarter. Assetmark Inc.'s holdings in Coca-Cola were worth $9,520,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KO. Howard Capital Management Group LLC grew its holdings in Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock worth $28,716,000 after buying an additional 2,069 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new position in Coca-Cola in the 3rd quarter worth approximately $270,000. Walkner Condon Financial Advisors LLC grew its holdings in Coca-Cola by 16.2% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 4,629 shares of the company's stock worth $333,000 after buying an additional 645 shares in the last quarter. Hara Capital LLC bought a new position in Coca-Cola in the 3rd quarter worth approximately $35,000. Finally, Consolidated Planning Corp grew its holdings in Coca-Cola by 1.5% in the 3rd quarter. Consolidated Planning Corp now owns 30,843 shares of the company's stock worth $2,216,000 after buying an additional 452 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays upped their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Evercore ISI upped their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. DZ Bank upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research 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's stock. According to data from MarketBeat, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average price target of $74.24.

Remove Ads

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 342,546 shares of the company's stock, valued at $24,324,191.46. This trade represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares in the company, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 232,646 shares of company stock valued at $16,515,469. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Performance

KO stock traded up $1.06 during mid-day trading on Friday, reaching $71.52. 28,389,711 shares of the stock traded hands, compared to its average volume of 17,970,895. The company has a quick ratio of 0.84, a current ratio of 1.03 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 business has a 50-day moving average of $65.36 and a two-hundred day moving average of $66.58. The firm has a market capitalization of $307.60 billion, a PE ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO - Get Free Report) last released 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 net margin of 22.59% and a return on equity of 45.37%. As a group, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. Coca-Cola's dividend payout ratio (DPR) is presently 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.