Inspire Advisors LLC acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,849 shares of the company's stock, valued at approximately $1,236,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fort Sheridan Advisors LLC lifted its stake in Coca-Cola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after purchasing an additional 161 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its stake in shares of Coca-Cola by 4.8% in the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock valued at $225,000 after acquiring an additional 164 shares during the last quarter. Atlas Brown Inc. lifted its stake in shares of Coca-Cola by 0.8% in the 4th quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock valued at $1,309,000 after acquiring an additional 166 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Coca-Cola by 0.4% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company's stock valued at $2,440,000 after acquiring an additional 169 shares during the last quarter. Finally, Great Diamond Partners LLC lifted its stake in shares of Coca-Cola by 1.7% in the 4th quarter. Great Diamond Partners LLC now owns 10,314 shares of the company's stock valued at $642,000 after acquiring an additional 169 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Royal Bank of Canada restated an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Finally, UBS Group boosted their price target on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.24.
Get Our Latest Research Report on KO
Insider Buying and Selling
In related news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares of the company's stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares in the company, valued at $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 have sold 288,146 shares of company stock worth $20,456,524 in the last 90 days. Insiders own 0.97% of the company's stock.
Coca-Cola Stock Down 0.6 %
Shares of KO stock traded down $0.45 during midday trading on Tuesday, reaching $71.00. 28,069,766 shares of the stock were exchanged, compared to its average volume of 14,037,215. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company's 50 day moving average is $65.72 and its two-hundred day moving average is $66.58. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a market cap of $305.37 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57.
Coca-Cola (NYSE:KO - Get Free Report) last posted 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%. On average, equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.
Coca-Cola Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio is presently 82.59%.
About Coca-Cola
(
Free Report)
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.
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