The Coca-Cola Company (NYSE:KO) Shares Purchased by DRW Securities LLC

DRW Securities LLC boosted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 294.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,153 shares of the company's stock after buying an additional 12,808 shares during the quarter. DRW Securities LLC's holdings in Coca-Cola were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola during the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $38,000. Finally, Hoey Investments Inc. lifted its position in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley increased their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.24.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares in the company, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock worth $22,263,071 in the last 90 days. Company insiders own 0.97% of the company's stock.

Coca-Cola Stock Up 0.7 %

Shares of Coca-Cola stock traded up $0.48 on Monday, reaching $71.91. 4,651,741 shares of the company were exchanged, compared to its average volume of 15,303,207. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. 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 $309.47 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The stock's 50 day moving average price is $69.60 and its 200-day moving average price is $66.32.

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

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.51 dividend. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.84%. Coca-Cola's dividend payout ratio is 82.59%.

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.