Coppell Advisory Solutions LLC Sells 11,714 Shares of The Coca-Cola Company (NYSE:KO)

Coppell Advisory Solutions LLC decreased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 59.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,875 shares of the company's stock after selling 11,714 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Coca-Cola were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KO. Howard Capital Management Group LLC boosted its position in shares of Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock valued at $28,716,000 after acquiring an additional 2,069 shares during the last quarter. Morse Asset Management Inc lifted its position in Coca-Cola by 25.0% during the third quarter. Morse Asset Management Inc now owns 17,500 shares of the company's stock valued at $1,258,000 after purchasing an additional 3,500 shares during the last quarter. Bard Financial Services Inc. grew its stake in Coca-Cola by 0.4% in the 3rd quarter. Bard Financial Services Inc. now owns 182,521 shares of the company's stock worth $13,116,000 after buying an additional 680 shares in the last quarter. Aldebaran Financial Inc. increased its holdings in shares of Coca-Cola by 21.4% in the 3rd quarter. Aldebaran Financial Inc. now owns 11,711 shares of the company's stock worth $842,000 after buying an additional 2,065 shares during the last quarter. Finally, Wealthquest Corp purchased a new stake in shares of Coca-Cola during the 3rd quarter valued at $412,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KO. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company upped 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. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $75.06.

Insider Activity at Coca-Cola

In related 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 transaction of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 94,676 shares of the company's stock, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 over the last 90 days. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Stock Down 0.8 %

KO stock opened at $73.32 on Thursday. The business has a 50 day moving average of $70.65 and a 200 day moving average of $66.47. The firm has a market cap of $315.52 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a twelve month low of $59.84 and a twelve month high of $74.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly 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 EPS 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 issued a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.78%. Coca-Cola's dividend payout ratio is presently 82.59%.

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.

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