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The Coca-Cola Company (NYSE:KO) is Slagle Financial LLC's 6th Largest Position

Coca-Cola logo with Consumer Staples background
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Slagle Financial LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,177 shares of the company's stock after buying an additional 8,613 shares during the quarter. Coca-Cola accounts for approximately 2.4% of Slagle Financial LLC's investment portfolio, making the stock its 6th largest position. Slagle Financial LLC's holdings in Coca-Cola were worth $5,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KO. Premier Fund Managers Ltd boosted its holdings in Coca-Cola by 72.8% during the 4th quarter. Premier Fund Managers Ltd now owns 26,171 shares of the company's stock valued at $1,624,000 after acquiring an additional 11,025 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Coca-Cola by 10.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 253,404 shares of the company's stock valued at $15,777,000 after purchasing an additional 23,955 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Coca-Cola by 9.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,172,065 shares of the company's stock worth $197,493,000 after purchasing an additional 269,491 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Coca-Cola by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,089,351 shares of the company's stock worth $130,083,000 after buying an additional 52,550 shares during the period. Finally, Broadway Wealth Solutions Inc. bought a new stake in Coca-Cola during the 4th quarter valued at about $241,000. Institutional investors own 70.26% of the company's stock.

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Coca-Cola Price Performance

NYSE KO traded up $0.98 during trading hours on Monday, reaching $71.35. The company's stock had a trading volume of 8,455,854 shares, compared to its average volume of 14,864,859. 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 1-year low of $57.93 and a 1-year high of $73.53. The company's 50-day moving average is $67.77 and its two-hundred day moving average is $66.38. The firm has a market capitalization of $307.04 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO - Get Free Report) last announced 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%. On average, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced 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 is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is currently 82.59%.

Insider Buying and Selling

In other news, EVP Lisa Chang sold 13,445 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the sale, the executive vice president now directly owns 94,676 shares in the company, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock worth $22,263,071 in the last 90 days. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Piper Sandler raised their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. 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. Barclays raised their price target on Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note 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's stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.24.

Check Out Our Latest Analysis on Coca-Cola

Coca-Cola Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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