4,053 Shares in The Coca-Cola Company (NYSE:KO) Bought by Hamilton Capital Partners LLC

Hamilton Capital Partners LLC bought a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,053 shares of the company's stock, valued at approximately $252,000. Coca-Cola comprises 0.2% of Hamilton Capital Partners LLC's portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mainstream Capital Management LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $31,000. Hara Capital LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $37,000. MilWealth Group LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Coca-Cola in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Performance

KO traded up $1.06 on Friday, hitting $71.52. The company's stock had a trading volume of 28,389,711 shares, compared to its average volume of 17,970,895. The company's 50 day simple moving average is $65.36 and its 200-day simple moving average is $66.56. The firm has a market cap of $307.60 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

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Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS 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%. Analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.85%. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's dividend payout ratio (DPR) is presently 82.59%.

Analyst Ratings Changes

Several equities research analysts have commented on KO shares. TD Cowen upgraded shares of 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. Piper Sandler increased their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group increased their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.24.

Insider Buying and Selling at Coca-Cola

In other news, insider Nikolaos Koumettis sold 54,708 shares of the firm's 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 sale, 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 position. The transaction was disclosed in a 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 sold a total of 232,646 shares of company stock valued at $16,515,469 in the last three months. Company 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.