The Coca-Cola Company (NYSE:KO) Stock Position Reduced by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,029 shares of the company's stock after selling 6,050 shares during the period. Schnieders Capital Management LLC's holdings in Coca-Cola were worth $1,807,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in shares of Coca-Cola in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Coca-Cola in the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $37,000. MilWealth Group LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Coca-Cola during the third quarter valued at approximately $43,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on KO. Evercore ISI lifted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Barclays lifted their price objective on Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has an average rating of "Moderate Buy" and an average target price of $73.82.

Coca-Cola Stock Up 0.2 %

NYSE KO traded up $0.13 during trading hours on Thursday, hitting $70.93. The company had a trading volume of 16,780,602 shares, compared to its average volume of 17,036,717. The firm's 50 day moving average is $64.36 and its 200 day moving average is $66.50. 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 fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a market capitalization of $305.06 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 3.79 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value 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 trade represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,646 shares of company stock valued at $16,515,469. Corporate insiders own 0.97% 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.