Trek Financial LLC Purchases 12,555 Shares of The Coca-Cola Company (NYSE:KO)

Trek Financial LLC grew its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 287.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,926 shares of the company's stock after buying an additional 12,555 shares during the period. Trek Financial LLC's holdings in Coca-Cola were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fort Sheridan Advisors LLC increased its position in Coca-Cola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after acquiring an additional 161 shares during the period. Excalibur Management Corp grew its position in 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 purchasing an additional 161 shares during the last quarter. Wells Trecaso Financial Group LLC increased its holdings 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 during the period. Atlas Brown Inc. raised its position 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 buying an additional 166 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Coca-Cola by 0.4% during 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 buying an additional 169 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on KO shares. DZ Bank upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Thursday, February 13th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Piper Sandler upped their target price on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased 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 increased their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two 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 company. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average price target of $74.24.

Insider Activity at Coca-Cola

In other news, CEO James Quincey sold 145,435 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction that occurred 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. Insiders sold a total of 313,423 shares of company stock valued at $22,263,071 over the last quarter. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Price Performance

KO traded up $0.18 during trading on Thursday, hitting $70.13. The company's stock had a trading volume of 9,142,826 shares, compared to its average volume of 15,232,038. The firm's 50 day moving average price is $69.27 and its two-hundred day moving average price is $66.36. 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 stock has a market capitalization of $301.79 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.95.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, March 14th. Coca-Cola's dividend payout ratio is 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.