Natural Investments LLC Makes New $446,000 Investment in The Coca-Cola Company (NYSE:KO)

Natural Investments LLC purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,167 shares of the company's stock, valued at approximately $446,000.

Other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new position in Coca-Cola in the 4th quarter worth about $37,000. MilWealth Group LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $40,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Coca-Cola during the third quarter valued at about $43,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Coca-Cola in the fourth quarter worth about $43,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 246,909 shares in the company, valued at $17,520,662.64. This represents a 18.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 94,676 shares of the company's stock, valued at $6,769,334. The trade was a 12.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,146 shares of company stock worth $20,456,524. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Trading Down 0.6 %

NYSE KO opened at $71.00 on Wednesday. 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. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The stock has a 50-day moving average of $65.72 and a 200-day moving average of $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.

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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, beating 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%. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 2.87%. The ex-dividend date is Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Analyst Ratings Changes

Several brokerages recently commented on KO. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Barclays boosted their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Piper Sandler raised their price target on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lifted their price target on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.24.

Coca-Cola Company 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.

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