The Coca-Cola Company (NYSE:KO) Position Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its position in The Coca-Cola Company (NYSE:KO - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,242 shares of the company's stock after acquiring an additional 20,893 shares during the period. Zions Bancorporation N.A.'s holdings in Coca-Cola were worth $5,120,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KO. Charles Schwab Investment Management Inc. lifted its stake in Coca-Cola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after buying an additional 11,569,920 shares in the last quarter. FMR LLC raised its holdings in shares of Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after acquiring an additional 11,206,995 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter valued at $500,192,000. Wellington Management Group LLP boosted its stake in shares of Coca-Cola by 14.5% during the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock valued at $2,271,885,000 after acquiring an additional 4,013,996 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Coca-Cola by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

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Coca-Cola Stock Up 0.8 %

NYSE:KO traded up $0.58 during mid-day trading on Thursday, hitting $70.60. The company had a trading volume of 5,118,205 shares, compared to its average volume of 14,032,056. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The business has a fifty day simple moving average of $67.45 and a 200-day simple moving average of $66.43. 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 has a market capitalization of $303.81 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping 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%. Equities analysts forecast that The Coca-Cola Company will post 2.96 earnings per share 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. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola's dividend payout ratio is presently 82.59%.

Insider Activity

In other news, EVP Lisa Chang sold 13,445 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the sale, the executive vice president now owns 94,676 shares of the company's stock, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated 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 313,423 shares of company stock worth $22,263,071 over the last ninety days. Corporate insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

KO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Barclays increased their price target on 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 objective on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

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.