Orion Portfolio Solutions LLC Has $15.78 Million Holdings in The Coca-Cola Company (NYSE:KO)

Orion Portfolio Solutions LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,404 shares of the company's stock after purchasing an additional 23,955 shares during the period. Orion Portfolio Solutions LLC's holdings in Coca-Cola were worth $15,777,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KO. Crowley Wealth Management Inc. bought a new position in Coca-Cola during the fourth quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the fourth quarter valued at about $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the fourth quarter valued at about $38,000. Finally, MilWealth Group LLC acquired a new stake in Coca-Cola during the fourth quarter worth about $40,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Quincey sold 145,435 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares in the company, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock valued at $22,263,071 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

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Coca-Cola Stock Up 1.4 %

KO traded up $0.98 during trading hours on Monday, hitting $71.35. 8,455,854 shares of the company's stock were exchanged, compared to its average volume of 17,939,545. 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 Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The stock's 50-day moving average is $67.77 and its two-hundred day moving average is $66.38. The stock has a market cap of $307.04 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.79 and a beta of 0.57.

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 (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%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed 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 is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's payout ratio is currently 82.59%.

Analysts Set New Price Targets

A number of brokerages have commented on KO. DZ Bank upgraded 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. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Piper Sandler increased their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research note 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.