Callan Family Office LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

Callan Family Office LLC lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 738.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,975 shares of the company's stock after purchasing an additional 42,253 shares during the quarter. Callan Family Office LLC's holdings in Coca-Cola were worth $2,987,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KO. Mainstream Capital Management LLC acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $31,000. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the third quarter worth approximately $35,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth approximately $37,000. MilWealth Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth approximately $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Coca-Cola in the third quarter worth approximately $43,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares of the company's stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is currently owned by corporate insiders.

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Coca-Cola Stock Up 1.5 %

KO traded up $1.06 on Friday, hitting $71.52. 28,389,711 shares of the company were exchanged, compared to its average volume of 17,970,895. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market cap of $307.60 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. 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 firm has a 50-day moving average price of $65.36 and a two-hundred day moving average price of $66.58.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping 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, equities analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.85%. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. Coca-Cola's payout ratio is presently 82.59%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Piper Sandler lifted their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Barclays lifted their price objective on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, UBS Group lifted their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola currently has an average rating of "Moderate Buy" and a consensus target price of $74.24.

About Coca-Cola

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.