Marco Investment Management LLC Has $16.57 Million Holdings in The Coca-Cola Company (NYSE:KO)

Marco Investment Management LLC lessened its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 266,170 shares of the company's stock after selling 8,606 shares during the period. Coca-Cola accounts for approximately 1.4% of Marco Investment Management LLC's holdings, making the stock its 21st biggest position. Marco Investment Management LLC's holdings in Coca-Cola were worth $16,572,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Howard Capital Management Group LLC raised its stake in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock valued at $28,716,000 after acquiring an additional 2,069 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Coca-Cola in the third quarter worth $270,000. Graypoint LLC grew its holdings in shares of Coca-Cola by 5.2% during the third quarter. Graypoint LLC now owns 36,910 shares of the company's stock valued at $2,652,000 after buying an additional 1,836 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of Coca-Cola during the third quarter valued at $769,000. Finally, Baugh & Associates LLC lifted its position in Coca-Cola by 11.5% during the third quarter. Baugh & Associates LLC now owns 4,582 shares of the company's stock valued at $329,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KO shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective 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. DZ Bank 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 report on Thursday, February 13th. Finally, Barclays increased their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.24.

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Insider Buying and Selling at Coca-Cola

In other news, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction that occurred on 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 owns 94,676 shares of the company's stock, valued at $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. In the last 90 days, insiders have sold 232,646 shares of company stock valued at $16,515,469. Company insiders own 0.97% of the company's stock.

Coca-Cola Trading Up 1.5 %

Shares of Coca-Cola stock traded up $1.06 during trading hours 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 Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The business has a fifty day moving average of $65.36 and a 200 day moving average of $66.58. The company has a market capitalization of $307.60 billion, a PE ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. As a group, equities analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

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