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

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.

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.

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.