6,243 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Parametrica Management Ltd

Parametrica Management Ltd acquired a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,243 shares of the company's stock, valued at approximately $389,000. Coca-Cola accounts for approximately 0.5% of Parametrica Management Ltd's portfolio, making the stock its 25th biggest position.

Other large investors also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its holdings 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 buying an additional 2,069 shares during the last quarter. Davis R M Inc. boosted its holdings in Coca-Cola by 12.6% in the third quarter. Davis R M Inc. now owns 17,575 shares of the company's stock valued at $1,263,000 after purchasing an additional 1,965 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in Coca-Cola by 81.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 10,416 shares of the company's stock valued at $748,000 after purchasing an additional 4,669 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in Coca-Cola by 4.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 6,020 shares of the company's stock worth $433,000 after purchasing an additional 280 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Coca-Cola by 17.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,810,705 shares of the company's stock worth $201,977,000 after buying an additional 417,353 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

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Insider Buying and Selling at Coca-Cola

In related news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 94,676 shares of the company's stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,423 shares of company stock worth $22,263,071. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of NYSE KO traded down $0.38 during trading on Friday, hitting $70.36. 17,408,790 shares of the company were exchanged, compared to its average volume of 14,889,152. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a market cap of $302.80 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.79 and a beta of 0.57. The firm's fifty day moving average price is $67.77 and its 200 day moving average price is $66.45.

Coca-Cola (NYSE:KO - Get Free Report) last issued 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 net margin of 22.59% and a return on equity of 45.37%. On average, sell-side analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost 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 (DPR) is 82.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KO shares. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley boosted 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. TD Cowen upgraded 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. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and lifted their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of "Moderate Buy" and a consensus target price 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.