Insigneo Advisory Services LLC Decreases Position in The Coca-Cola Company (NYSE:KO)

Insigneo Advisory Services LLC decreased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,895 shares of the company's stock after selling 4,155 shares during the period. Insigneo Advisory Services LLC's holdings in Coca-Cola were worth $2,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rice Partnership LLC lifted its position in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after acquiring an additional 6,793 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Coca-Cola by 87.7% in the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after buying an additional 8,499 shares during the last quarter. Clark & Stuart Inc purchased a new position in Coca-Cola during the fourth quarter valued at $1,582,000. Wilmington Savings Fund Society FSB grew its stake in shares of Coca-Cola by 222.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock worth $13,814,000 after acquiring an additional 132,701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Coca-Cola by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after acquiring an additional 8,810 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction dated 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 directly owns 94,676 shares in the company, valued at $6,769,334. This trade represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock worth $22,263,071 in the last three months. Corporate insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on KO shares. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Wells Fargo & Company lifted their price target 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. Finally, Piper Sandler raised their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of "Buy" and a consensus target price of $74.59.

Coca-Cola Trading Up 1.8 %

Shares of Coca-Cola stock traded up $1.31 during trading on Friday, hitting $72.99. The stock had a trading volume of 20,745,798 shares, compared to its average volume of 15,409,159. The stock has a market cap of $314.13 billion, a PE ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 12 month low of $59.00 and a 12 month high of $73.95. The firm's fifty day simple moving average is $70.39 and its 200-day simple moving average is $66.42. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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, topping 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%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.51 per share. This is a positive change 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 yield of 2.79%. Coca-Cola's dividend payout ratio (DPR) is presently 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.