The Coca-Cola Company (NYSE:KO) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,853,295 shares of the company's stock after acquiring an additional 46,687 shares during the period. Rockefeller Capital Management L.P.'s holdings in Coca-Cola were worth $115,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coca-Cola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after buying an additional 11,569,920 shares during the last quarter. Norges Bank bought a new stake in Coca-Cola during the 4th quarter valued at $3,402,151,000. Franklin Resources Inc. raised its position in Coca-Cola by 21.9% during the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after purchasing an additional 6,118,819 shares during the last quarter. Invesco Ltd. lifted its position in shares of Coca-Cola by 18.2% in the 4th quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after purchasing an additional 3,791,300 shares during the period. Finally, Amundi boosted its stake in shares of Coca-Cola by 3.1% during the 4th quarter. Amundi now owns 18,313,696 shares of the company's stock valued at $1,130,138,000 after purchasing an additional 550,582 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. DZ Bank upgraded 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. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.24.

Coca-Cola Stock Up 0.7 %

Shares of KO stock traded up $0.53 during trading hours on Wednesday, reaching $72.39. 6,274,023 shares of the company's stock were exchanged, compared to its average volume of 15,317,243. The stock has a market cap of $311.54 billion, a PE ratio of 29.31, a PEG ratio of 3.79 and a beta of 0.45. 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 stock's fifty day moving average price is $69.96 and its two-hundred day moving average price is $66.36. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.95.

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 analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Research analysts predict 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 was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Insider Activity

In related news, CEO James Quincey sold 145,435 shares of the stock in a transaction 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 sale, the chief executive officer now owns 342,546 shares of the company's stock, valued at $24,324,191.46. This trade represents a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction on Monday, February 24th. The shares were 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. Insiders have sold 313,423 shares of company stock valued at $22,263,071 in the last ninety days. Insiders own 0.90% 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.