The Coca-Cola Company (NYSE:KO) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 993.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,772 shares of the company's stock after buying an additional 236,012 shares during the quarter. Jump Financial LLC's holdings in Coca-Cola were worth $16,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crowley Wealth Management Inc. bought a new stake in Coca-Cola during the fourth quarter worth about $27,000. Mainstream Capital Management LLC purchased a new stake in Coca-Cola in the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola during the fourth quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the 4th quarter worth approximately $38,000. Finally, Hoey Investments Inc. raised its position in Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares during the period. Institutional investors own 70.26% of the company's stock.

Insider Activity at Coca-Cola

In other news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were 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 in the company, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction dated 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. Over the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KO shares. Morgan Stanley raised their price objective on 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 raised their target price on shares of Coca-Cola from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Finally, Evercore ISI raised their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $74.59.

Coca-Cola Stock Up 1.8 %

KO stock traded up $1.31 during trading on Friday, hitting $72.99. 20,745,798 shares of the stock traded hands, compared to its average volume of 15,409,159. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The stock has a market cap of $314.13 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 1 year low of $59.00 and a 1 year high of $73.95. The firm's 50 day moving average is $70.39 and its two-hundred day moving average is $66.42.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio is 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.