Pictet Asset Management Holding SA Boosts Position in The Coca-Cola Company (NYSE:KO)

Pictet Asset Management Holding SA raised its position in The Coca-Cola Company (NYSE:KO - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,172,065 shares of the company's stock after buying an additional 269,491 shares during the period. Pictet Asset Management Holding SA owned about 0.07% of Coca-Cola worth $197,493,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. Fort Sheridan Advisors LLC lifted its position in shares of Coca-Cola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after purchasing an additional 161 shares during the last quarter. Excalibur Management Corp raised its holdings in shares of Coca-Cola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after buying an additional 161 shares in the last quarter. Wells Trecaso Financial Group LLC increased its position in shares of Coca-Cola by 4.8% during the 4th 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. raised its stake in shares of Coca-Cola by 0.8% in the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock valued at $1,309,000 after acquiring an additional 166 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in 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 worth $2,440,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

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Insider Buying and Selling at Coca-Cola

In other news, EVP Lisa Chang sold 13,445 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was 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 of the company's stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Henrique Braun sold 25,277 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the sale, the chief operating officer now directly owns 52,466 shares in the company, valued at $3,749,745.02. This represents a 32.51 % decrease in their position. 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 quarter. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Up 0.1 %

Shares of NYSE:KO traded up $0.10 on Tuesday, reaching $71.72. The company had a trading volume of 4,140,634 shares, compared to its average volume of 14,884,105. The firm has a market capitalization of $308.63 billion, a PE ratio of 29.03, a PEG ratio of 3.79 and a beta of 0.57. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm's 50 day simple moving average is $67.95 and its 200-day simple moving average is $66.38. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

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

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.84%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's dividend payout ratio is presently 82.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KO shares. JPMorgan Chase & Co. cut their price target on Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price target on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.