Climber Capital SA Takes Position in The Coca-Cola Company (NYSE:KO)

Climber Capital SA bought a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,015 shares of the company's stock, valued at approximately $250,000.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Coca-Cola in the 4th quarter worth about $3,402,151,000. Charles Schwab Investment Management Inc. increased its position in Coca-Cola by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after buying an additional 11,569,920 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Coca-Cola during the fourth quarter worth approximately $500,192,000. Franklin Resources Inc. grew its stake in Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after purchasing an additional 4,013,996 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

KO traded down $3.32 during trading on Friday, hitting $69.87. 26,507,807 shares of the company traded hands, compared to its average volume of 15,037,055. The stock's 50-day simple moving average is $68.57 and its two-hundred day simple moving average is $66.47. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.95. The company has a market cap of $300.67 billion, a PE ratio of 28.29, a P/E/G 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.

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Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of 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 raised Coca-Cola from a "hold" rating to a "buy" rating and lifted their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. UBS Group boosted their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.24.

Insiders Place Their Bets

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares of the company's stock, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 in the last three months. Corporate insiders own 0.97% of the company's stock.

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.