Nebula Research & Development LLC Invests $640,000 in The Coca-Cola Company (NYSE:KO)

Nebula Research & Development LLC acquired a new position in The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,276 shares of the company's stock, valued at approximately $640,000.

A number of other institutional investors have also recently made changes to their positions in the business. Howard Capital Management Group LLC lifted its position in Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock worth $28,716,000 after acquiring an additional 2,069 shares during the period. Morse Asset Management Inc lifted its position in Coca-Cola by 25.0% during the 3rd quarter. Morse Asset Management Inc now owns 17,500 shares of the company's stock worth $1,258,000 after acquiring an additional 3,500 shares during the period. Bard Financial Services Inc. lifted its position in Coca-Cola by 0.4% during the 3rd quarter. Bard Financial Services Inc. now owns 182,521 shares of the company's stock worth $13,116,000 after acquiring an additional 680 shares during the period. Aldebaran Financial Inc. lifted its position in Coca-Cola by 21.4% during the 3rd quarter. Aldebaran Financial Inc. now owns 11,711 shares of the company's stock worth $842,000 after acquiring an additional 2,065 shares during the period. Finally, Wealthquest Corp acquired a new stake in Coca-Cola during the 3rd quarter worth about $412,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Price Performance

NYSE:KO opened at $71.73 on Tuesday. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a 50 day moving average of $70.81 and a two-hundred day moving average of $66.49. 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 firm has a market cap of $308.69 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS 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%. On average, 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 was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Friday, March 14th. Coca-Cola's payout ratio is 82.59%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KO. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Piper Sandler boosted their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Morgan Stanley boosted their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. UBS Group boosted their price objective on Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. Two equities 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. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $75.06.

Insiders Place Their Bets

In other news, CEO James Quincey sold 145,435 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction that occurred on 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 three months, insiders sold 313,423 shares of company stock worth $22,263,071. Corporate 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.

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