Motiv8 Investments LLC Purchases 5,045 Shares of The Coca-Cola Company (NYSE:KO)

Motiv8 Investments LLC boosted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,013 shares of the company's stock after acquiring an additional 5,045 shares during the quarter. Coca-Cola accounts for about 0.9% of Motiv8 Investments LLC's investment portfolio, making the stock its 28th largest position. Motiv8 Investments LLC's holdings in Coca-Cola were worth $1,246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Hara Capital LLC bought a new position in shares of Coca-Cola during the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the 3rd quarter valued at about $36,000. MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola during the 3rd quarter valued at about $43,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at about $37,000. Finally, MilWealth Group LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at about $40,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola currently has an average rating of "Moderate Buy" and a consensus price target of $73.82.

Coca-Cola Stock Up 0.2 %

Shares of Coca-Cola stock traded up $0.13 on Thursday, reaching $70.93. The company's stock had a trading volume of 16,780,602 shares, compared to its average volume of 17,036,717. The company has a market capitalization of $305.06 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week 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. The firm's fifty day simple moving average is $64.36 and its two-hundred day simple moving average is $66.50.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.51 dividend. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, March 14th. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction 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 in the company, valued at $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 232,646 shares of company stock worth $16,515,469 in the last ninety days. 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.