The Coca-Cola Company (NYSE:KO) Holdings Decreased by M&T Bank Corp

M&T Bank Corp lowered its position in The Coca-Cola Company (NYSE:KO - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,430,807 shares of the company's stock after selling 232,545 shares during the quarter. M&T Bank Corp's holdings in Coca-Cola were worth $89,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KO. Mainstream Capital Management LLC acquired a new position in Coca-Cola in the 4th quarter valued at $31,000. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter worth $35,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $37,000. MilWealth Group LLC acquired a new position in shares of Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola during the third quarter worth about $43,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the company's 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Trading Down 0.0 %

Shares of NYSE KO traded down $0.03 during midday trading on Wednesday, reaching $70.17. 23,930,827 shares of the stock were exchanged, compared to its average volume of 17,578,992. 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 company has a market capitalization of $301.78 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.79 and a beta of 0.61. The stock has a 50 day moving average price of $65.02 and a 200-day moving average price of $66.55. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

Coca-Cola (NYSE:KO - Get Free Report) last released its 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%. Equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's dividend payout ratio is presently 82.59%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. UBS Group raised 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. TD Cowen raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Morgan Stanley raised their target price on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Two equities 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.24.

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.