Tobias Financial Advisors Inc. Takes Position in The Coca-Cola Company (NYSE:KO)

Tobias Financial Advisors Inc. purchased a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,564 shares of the company's stock, valued at approximately $222,000.

Other large investors have also recently added to or reduced their stakes in the company. Rice Partnership LLC raised 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 valued at $6,397,000 after purchasing an additional 6,793 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Coca-Cola by 87.7% in the fourth 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 in the last quarter. Clark & Stuart Inc purchased a new stake in shares of Coca-Cola in the 4th quarter valued at $1,582,000. Wilmington Savings Fund Society FSB lifted its stake in Coca-Cola by 222.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock worth $13,814,000 after acquiring an additional 132,701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Coca-Cola by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after acquiring an additional 8,810 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on KO. Wells Fargo & Company boosted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Piper Sandler increased their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Coca-Cola has a consensus rating of "Buy" and a consensus target price of $74.59.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. The trade was a 18.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 145,435 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at $24,324,191.46. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 Stock Performance

KO traded up $1.31 during trading on Friday, hitting $72.99. 20,745,798 shares of the stock were exchanged, compared to its average volume of 15,409,159. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1-year low of $59.00 and a 1-year high of $73.95. The stock has a fifty day moving average price of $70.39 and a two-hundred day moving average price of $66.42. The firm has a market capitalization of $314.13 billion, a P/E ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently announced 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. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.79%. Coca-Cola's payout ratio is presently 82.59%.

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.