TRUE Private Wealth Advisors Grows Stake in The Coca-Cola Company (NYSE:KO)

TRUE Private Wealth Advisors increased its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 262.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,298 shares of the company's stock after buying an additional 12,523 shares during the quarter. TRUE Private Wealth Advisors' holdings in Coca-Cola were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Texas Yale Capital Corp. boosted its position in Coca-Cola by 5.4% in the fourth quarter. Texas Yale Capital Corp. now owns 51,909 shares of the company's stock worth $3,232,000 after purchasing an additional 2,665 shares during the last quarter. Tandem Investment Partners LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $321,000. Advisory Services Network LLC increased its holdings in Coca-Cola by 0.6% during the fourth quarter. Advisory Services Network LLC now owns 135,067 shares of the company's stock valued at $8,409,000 after buying an additional 827 shares during the last quarter. German American Bancorp Inc. raised its position in Coca-Cola by 1.4% in the fourth quarter. German American Bancorp Inc. now owns 124,848 shares of the company's stock worth $7,773,000 after acquiring an additional 1,717 shares during the period. Finally, Sandhill Capital Partners LLC boosted its stake in shares of Coca-Cola by 1.1% during the 4th quarter. Sandhill Capital Partners LLC now owns 72,510 shares of the company's stock worth $4,514,000 after acquiring an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KO shares. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their price target for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Piper Sandler lifted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.59 during trading hours on Friday, reaching $71.35. The company's stock had a trading volume of 19,983,755 shares, compared to its average volume of 15,343,825. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.95. The firm has a 50 day moving average price of $69.60 and a 200-day moving average price of $66.32. The stock has a market cap of $307.04 billion, a P/E ratio of 28.89, a P/E/G ratio of 3.79 and a beta of 0.45.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.86%. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Coca-Cola's payout ratio is presently 82.59%.

Insider Buying and Selling at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction 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. Insiders have sold 313,423 shares of company stock worth $22,263,071 over the last quarter. 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.