The Coca-Cola Company (NYSE:KO) Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. raised its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,310 shares of the company's stock after acquiring an additional 5,942 shares during the quarter. Savvy Advisors Inc.'s holdings in Coca-Cola were worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

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

Coca-Cola Stock Performance

NYSE KO traded up $1.31 during trading hours on Thursday, reaching $72.99. The stock had a trading volume of 20,745,798 shares, compared to its average volume of 15,385,768. The Coca-Cola Company has a 52-week low of $58.10 and a 52-week high of $73.95. The stock has a fifty day moving average of $70.11 and a 200 day moving average of $66.40. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a market cap of $314.13 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating 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%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is presently 82.59%.

Insider Activity

In related news, CEO James Quincey sold 145,435 shares of the business's stock in a transaction on 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the firm'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 sold a total of 313,423 shares of company stock valued at $22,263,071 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KO has been the subject of several recent research reports. 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 report on Thursday, February 13th. UBS Group boosted their price target on shares of Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two 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. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.59.

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.