BLI Banque de Luxembourg Investments Takes $1.49 Million Position in The Coca-Cola Company (NYSE:KO)

BLI Banque de Luxembourg Investments purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,031 shares of the company's stock, valued at approximately $1,491,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Voleon Capital Management LP acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $2,513,000. Rice Partnership LLC increased its position in shares of Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after purchasing an additional 6,793 shares during the last quarter. Fiduciary Alliance LLC raised its stake in shares of Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares in the last quarter. Clark & Stuart Inc acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $1,582,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Coca-Cola by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after buying an additional 8,810 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.08 on Tuesday, reaching $71.78. 12,691,592 shares of the stock were exchanged, compared to its average volume of 15,442,067. The firm's 50 day moving average is $70.94 and its 200-day moving average is $66.59. The firm has a market cap of $308.90 billion, a PE ratio of 29.06, a P/E/G ratio of 3.79 and a beta of 0.47. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the company posted $0.72 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. Coca-Cola's payout ratio is currently 81.60%.

Insider Activity at Coca-Cola

In other news, 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 transaction of $1,344,732.48. The sale was disclosed in a 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 on 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 transaction, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. UBS Group lifted their price target on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. TD Cowen raised 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. Morgan Stanley raised their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada increased their price target on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $75.59.

Coca-Cola Company 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.