Larson Financial Group LLC Acquires 4,661 Shares of The Coca-Cola Company (NYSE:KO)

Larson Financial Group LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,123 shares of the company's stock after buying an additional 4,661 shares during the period. Larson Financial Group LLC's holdings in Coca-Cola were worth $2,311,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Fort Sheridan Advisors LLC boosted its position in Coca-Cola by 3.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after buying an additional 161 shares in the last quarter. Wells Trecaso Financial Group LLC lifted its position in shares of Coca-Cola by 4.8% during the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock worth $225,000 after purchasing an additional 164 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of Coca-Cola by 0.8% during the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock valued at $1,309,000 after purchasing an additional 166 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Coca-Cola by 0.4% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company's stock valued at $2,440,000 after purchasing an additional 169 shares in the last quarter. Finally, Great Diamond Partners LLC raised its position in Coca-Cola by 1.7% in the 4th quarter. Great Diamond Partners LLC now owns 10,314 shares of the company's stock worth $642,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued 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 $74.24.

Coca-Cola Stock Up 1.5 %

KO stock traded up $1.06 during mid-day trading on Friday, hitting $71.52. 28,389,711 shares of the company were exchanged, compared to its average volume of 17,970,895. The firm has a market cap of $307.60 billion, a P/E ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. 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's 50 day simple moving average is $65.36 and its 200 day simple moving average is $66.56.

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, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. On average, sell-side analysts predict that The Coca-Cola Company will post 2.96 EPS 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. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. Coca-Cola's dividend payout ratio (DPR) is presently 82.59%.

Insider Activity at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the sale, the insider now owns 246,909 shares in the company, valued at approximately $17,520,662.64. This represents a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were 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. In the last quarter, insiders have sold 232,646 shares of company stock valued at $16,515,469. 0.97% of the stock is owned by insiders.

About Coca-Cola

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.