Edmond DE Rothschild Holding S.A. Decreases Stake in The Coca-Cola Company (NYSE:KO)

Edmond DE Rothschild Holding S.A. reduced its position in The Coca-Cola Company (NYSE:KO - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,406 shares of the company's stock after selling 21,053 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Coca-Cola were worth $25,427,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FSB Premier Wealth Management Inc. boosted its holdings in Coca-Cola by 4.1% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 12,175 shares of the company's stock worth $758,000 after buying an additional 478 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Coca-Cola by 10.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 15,488 shares of the company's stock worth $963,000 after purchasing an additional 1,414 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Coca-Cola by 6.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 565,597 shares of the company's stock worth $35,214,000 after purchasing an additional 34,118 shares during the last quarter. United Bank increased its position in shares of Coca-Cola by 4.4% in the fourth quarter. United Bank now owns 84,477 shares of the company's stock valued at $5,260,000 after acquiring an additional 3,589 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in Coca-Cola by 0.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 644,156 shares of the company's stock valued at $39,751,000 after purchasing an additional 3,779 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

KO has been the topic of a number of research analyst reports. Piper Sandler upped their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Morgan Stanley lifted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group upped their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Barclays raised their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.24.

Coca-Cola Stock Up 0.3 %

KO traded up $0.23 during trading on Tuesday, reaching $71.85. 15,303,617 shares of the stock were exchanged, compared to its average volume of 14,927,030. The stock has a market cap of $309.21 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock's 50 day moving average price is $67.95 and its two-hundred day moving average price is $66.38.

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

Coca-Cola Increases Dividend

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

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $24,324,191.46. The trade was a 29.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock worth $22,263,071 in the last ninety days. 0.97% of the stock is owned by company insiders.

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.