The Coca-Cola Company (NYSE:KO) Shares Sold by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC lowered its position in The Coca-Cola Company (NYSE:KO - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,465 shares of the company's stock after selling 17,746 shares during the quarter. Coca-Cola comprises about 2.5% of Southeast Asset Advisors LLC's portfolio, making the stock its 8th largest position. Southeast Asset Advisors LLC's holdings in Coca-Cola were worth $20,201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KO. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola in the fourth quarter worth $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the fourth quarter worth about $37,000. Murphy & Mullick Capital Management Corp purchased a new position in Coca-Cola in the 4th quarter worth about $38,000. Finally, Hoey Investments Inc. lifted its holdings in Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after buying an additional 181 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price 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. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price objective on shares of Coca-Cola in a research note on Thursday, February 6th. DZ Bank upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Piper Sandler increased their price target on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, UBS Group lifted their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola has a consensus rating of "Moderate Buy" and an average price target of $74.24.

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Coca-Cola Stock Performance

KO stock traded up $0.89 during trading on Friday, reaching $71.65. The company had a trading volume of 8,321,087 shares, compared to its average volume of 15,270,157. The company has a market cap of $308.36 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.95. 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 firm has a 50-day simple moving average of $69.43 and a 200-day simple moving average of $66.36.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.85%. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $1,344,732.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. Company insiders own 0.97% of the company's stock.

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.