The Coca-Cola Company (NYSE:KO) Position Increased by Shelton Capital Management

Shelton Capital Management increased its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,673 shares of the company's stock after buying an additional 30,693 shares during the period. Shelton Capital Management's holdings in Coca-Cola were worth $15,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after acquiring an additional 2,966,964 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Coca-Cola by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares in the last quarter. Norges Bank purchased a new stake in shares of Coca-Cola during the 4th quarter valued at $3,402,151,000. Franklin Resources Inc. boosted its position in shares of Coca-Cola by 21.9% in 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 in the last quarter. Finally, Invesco Ltd. grew its stake in Coca-Cola by 18.2% during the 4th quarter. Invesco Ltd. now owns 24,566,933 shares of the company's stock worth $1,529,537,000 after buying an additional 3,791,300 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have weighed in on KO shares. JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Piper Sandler boosted their price target on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company raised their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

Coca-Cola Trading Up 0.8 %

Shares of Coca-Cola stock traded up $0.59 during trading hours on Friday, reaching $71.35. The stock had a trading volume of 19,983,755 shares, compared to its average volume of 15,331,502. 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 Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.95. The firm has a market capitalization of $307.04 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 3.79 and a beta of 0.45. The firm has a 50 day simple moving average of $69.60 and a two-hundred day simple moving average of $66.36.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.51 dividend. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 directly owns 52,466 shares in the company, valued at approximately $3,749,745.02. The trade was a 32.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock worth $22,263,071 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

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.