The Coca-Cola Company (NYSE:KO) Stock Holdings Raised by Infusive Asset Management Inc.

Infusive Asset Management Inc. grew its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 108.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 172,867 shares of the company's stock after acquiring an additional 89,770 shares during the quarter. Coca-Cola comprises approximately 4.8% of Infusive Asset Management Inc.'s holdings, making the stock its 5th largest holding. Infusive Asset Management Inc.'s holdings in Coca-Cola were worth $10,763,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Rice Partnership LLC grew its position in Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after acquiring an additional 6,793 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after buying an additional 8,499 shares during the period. Clark & Stuart Inc purchased a new position in Coca-Cola during the fourth quarter worth $1,582,000. Wilmington Savings Fund Society FSB increased its position in Coca-Cola by 222.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock valued at $13,814,000 after acquiring an additional 132,701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Coca-Cola by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock worth $55,610,000 after purchasing an additional 8,810 shares during the period. Institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KO shares. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Finally, DZ Bank raised shares of 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 Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $74.59.

Coca-Cola Price Performance

Shares of KO traded up $1.31 on Friday, reaching $72.99. The stock had a trading volume of 20,745,798 shares, compared to its average volume of 15,385,871. The Coca-Cola Company has a twelve month low of $59.72 and a twelve month high of $73.95. The firm has a market capitalization of $314.13 billion, a PE ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45. The firm has a 50-day moving average of $70.39 and a 200 day moving average of $66.39. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.79%. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Coca-Cola's payout ratio is 82.59%.

Insider Activity

In related news, EVP Lisa Chang sold 13,445 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 94,676 shares in the company, valued at approximately $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on Monday, February 24th. The stock was 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 over the last three months. 0.90% of the stock is currently owned by corporate 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.