The Coca-Cola Company (NYSE:KO) Shares Acquired by RiverFront Investment Group LLC

RiverFront Investment Group LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,309 shares of the company's stock after buying an additional 17,263 shares during the period. RiverFront Investment Group LLC's holdings in Coca-Cola were worth $7,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Crowley Wealth Management Inc. purchased a new position in Coca-Cola in the fourth quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Coca-Cola during the 4th quarter worth approximately $37,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $38,000. Finally, MilWealth Group LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Up 2.1 %

Shares of Coca-Cola stock traded up $1.50 during trading on Monday, reaching $71.87. The company had a trading volume of 12,462,785 shares, compared to its average volume of 18,002,766. The company has a market cap of $309.29 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The firm's fifty day moving average is $67.77 and its 200-day moving average is $66.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results 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 anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Coca-Cola's payout ratio is 82.59%.

Insider Buying and Selling

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $10,327,339.35. Following the transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 over the last quarter. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KO shares. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Wells Fargo & Company raised their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Barclays upped their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. UBS Group lifted their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, 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. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.