The Coca-Cola Company (NYSE:KO) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its position in The Coca-Cola Company (NYSE:KO - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 644,156 shares of the company's stock after buying an additional 3,779 shares during the period. CIBC Private Wealth Group LLC's holdings in Coca-Cola were worth $39,751,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KO. California Public Employees Retirement System grew its holdings in shares of Coca-Cola by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 11,702,286 shares of the company's stock worth $728,584,000 after buying an additional 321,276 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Coca-Cola by 22.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,451,883 shares of the company's stock worth $90,394,000 after purchasing an additional 269,414 shares in the last quarter. Allianz SE purchased a new position in Coca-Cola in the 4th quarter worth approximately $10,122,000. Transamerica Financial Advisors Inc. boosted its holdings in shares of Coca-Cola by 16.1% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 15,703 shares of the company's stock worth $978,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Intrust Bank NA grew its position in shares of Coca-Cola by 3.9% in the fourth quarter. Intrust Bank NA now owns 29,132 shares of the company's stock valued at $1,814,000 after purchasing an additional 1,090 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on KO. Barclays lifted their price target on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Wells Fargo & Company increased their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.24.

Coca-Cola Stock Up 0.3 %

NYSE KO traded up $0.23 during trading hours on Tuesday, hitting $71.85. 15,303,617 shares of the company were exchanged, compared to its average volume of 14,927,028. 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 firm has a market cap of $309.21 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.79 and a beta of 0.57. The company has a 50 day moving average of $67.95 and a two-hundred day moving average of $66.38. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating 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%. Equities research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, March 14th. Coca-Cola's dividend payout ratio is currently 82.59%.

Insider Activity

In related news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. This trade represents a 32.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction that occurred on 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 owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This represents a 18.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,423 shares of company stock worth $22,263,071. 0.97% of the stock is currently owned by insiders.

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.