The Coca-Cola Company (NYSE:KO) Shares Bought by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. grew its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,506 shares of the company's stock after acquiring an additional 6,409 shares during the period. Blackhawk Capital Partners LLC.'s holdings in Coca-Cola were worth $1,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. Howard Capital Management Group LLC increased its holdings in shares of Coca-Cola by 0.5% in the 3rd 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. NorthCrest Asset Manangement LLC grew its stake in shares of Coca-Cola by 14.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,613 shares of the company's stock valued at $978,000 after purchasing an additional 1,698 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Coca-Cola by 12.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 11,499 shares of the company's stock valued at $826,000 after buying an additional 1,229 shares during the period. Bristlecone Advisors LLC acquired a new position in shares of Coca-Cola during the third quarter worth about $224,000. Finally, Custom Index Systems LLC purchased a new position in Coca-Cola during the third quarter worth about $204,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. UBS Group upped their price objective on Coca-Cola from $72.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Morgan Stanley raised their target price on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.82.

Coca-Cola Price Performance

Coca-Cola stock traded up $0.13 during mid-day trading on Thursday, hitting $70.93. 16,780,602 shares of the company were exchanged, compared to its average volume of 17,036,717. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a market capitalization of $305.06 billion, a P/E ratio of 28.72, a PEG ratio of 3.79 and a beta of 0.61. The business's 50 day simple moving average is $64.36 and its two-hundred day simple moving average is $66.50. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping 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%. Analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's payout ratio is currently 82.59%.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $24,324,191.46. This trade represents a 29.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the company'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 90 days, insiders have sold 232,646 shares of company stock valued at $16,515,469. 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.