Stenger Family Office LLC Invests $295,000 in The Coca-Cola Company (NYSE:KO)

Stenger Family Office LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,733 shares of the company's stock, valued at approximately $295,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 11,569,920 shares in the last quarter. Norges Bank acquired a new stake in Coca-Cola during the fourth quarter worth $3,402,151,000. Franklin Resources Inc. increased its holdings in Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares during the period. Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 3,791,300 shares during the period. Finally, Amundi boosted its position 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 acquiring an additional 550,582 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Up 1.8 %

NYSE:KO traded up $1.31 on Friday, hitting $72.99. 20,745,798 shares of the stock were exchanged, compared to its average volume of 15,409,159. The stock has a market capitalization of $314.13 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 3.79 and a beta of 0.45. 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 Coca-Cola Company has a 52 week low of $59.00 and a 52 week high of $73.95. The company's 50-day moving average price is $70.39 and its 200 day moving average price is $66.42.

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 (EPS) 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%. On average, equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.51 per share. 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 2.79%. The ex-dividend date of this dividend was Friday, March 14th. Coca-Cola's payout ratio is presently 82.59%.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of Coca-Cola stock in a transaction dated 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $24,324,191.46. The trade was a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock worth $22,263,071 in the last ninety days. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KO. Piper Sandler lifted their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. 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 report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $74.59.

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.