Tandem Investment Partners LLC Makes New $321,000 Investment in The Coca-Cola Company (NYSE:KO)

Tandem Investment Partners LLC acquired a new position in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,154 shares of the company's stock, valued at approximately $321,000.

A number of other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC increased its stake in Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock valued at $28,716,000 after acquiring an additional 2,069 shares during the last quarter. Morse Asset Management Inc boosted its holdings in shares of Coca-Cola by 25.0% in the 3rd quarter. Morse Asset Management Inc now owns 17,500 shares of the company's stock valued at $1,258,000 after purchasing an additional 3,500 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Coca-Cola by 1.1% in the 3rd quarter. MML Investors Services LLC now owns 667,141 shares of the company's stock valued at $47,941,000 after purchasing an additional 6,962 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Coca-Cola during the 3rd quarter worth $3,730,000. Finally, EWA LLC lifted its position in shares of Coca-Cola by 9.9% during the 3rd quarter. EWA LLC now owns 4,614 shares of the company's stock worth $332,000 after buying an additional 414 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Coca-Cola Trading Up 0.8 %

Shares of KO traded up $0.59 during trading hours on Friday, hitting $71.35. 19,983,755 shares of the stock were exchanged, compared to its average volume of 15,331,502. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.95. The business has a 50-day moving average of $69.60 and a 200-day moving average of $66.36. The firm has a market capitalization of $307.04 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

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Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 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, research analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Friday, March 14th. Coca-Cola's payout ratio is presently 82.59%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the sale, the executive vice president now owns 94,676 shares in the company, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction dated 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. Over the last three months, insiders have sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KO. JPMorgan Chase & Co. reduced their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Piper Sandler upped their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Wells Fargo & Company raised their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

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.