Goldstream Capital Management Ltd Has $515,000 Holdings in The Coca-Cola Company (NYSE:KO)

Goldstream Capital Management Ltd lowered its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,276 shares of the company's stock after selling 10,322 shares during the period. Coca-Cola accounts for 0.1% of Goldstream Capital Management Ltd's holdings, making the stock its 22nd biggest position. Goldstream Capital Management Ltd's holdings in Coca-Cola were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Coca-Cola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after acquiring an additional 11,569,920 shares during the period. Norges Bank acquired a new position in Coca-Cola in the 4th quarter valued at about $3,402,151,000. 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. Capital International Investors lifted its position in Coca-Cola by 96.0% during the fourth quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after acquiring an additional 12,222,885 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Coca-Cola by 18.2% during the fourth quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after acquiring an additional 3,791,300 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Price Performance

Shares of KO stock traded down $0.79 on Thursday, reaching $72.51. The company had a trading volume of 16,878,196 shares, compared to its average volume of 15,405,031. The business's 50-day moving average is $70.65 and its 200 day moving average is $66.47. The Coca-Cola Company has a one year low of $59.84 and a one year 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. The stock has a market capitalization of $312.05 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 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%. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is currently 82.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KO. UBS Group increased their target price on Coca-Cola from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Piper Sandler increased their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday. Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola has a consensus rating of "Buy" and an average target price of $75.06.

Insider Buying and Selling at Coca-Cola

In other news, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now owns 94,676 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the business's 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 disclosure for this sale can be found here. Over the last three months, insiders 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.