57,231 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,231 shares of the company's stock, valued at approximately $3,563,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Alliance LLC raised its stake in shares of Coca-Cola by 87.7% during the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock valued at $1,132,000 after acquiring an additional 8,499 shares during the last quarter. Brookstone Capital Management raised its position in Coca-Cola by 36.3% during the 4th quarter. Brookstone Capital Management now owns 111,063 shares of the company's stock worth $6,915,000 after purchasing an additional 29,605 shares during the last quarter. Cooper Financial Group grew its position in shares of Coca-Cola by 9.4% in the 4th quarter. Cooper Financial Group now owns 17,070 shares of the company's stock valued at $1,063,000 after buying an additional 1,472 shares during the last quarter. PFW Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $29,003,000. Finally, BCS Wealth Management bought a new position in shares of Coca-Cola during the fourth quarter worth about $629,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Performance

NYSE KO opened at $68.92 on Wednesday. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The company's 50 day moving average is $70.91 and its 200-day moving average is $66.67. 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 firm has a market cap of $296.65 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. Coca-Cola's dividend payout ratio (DPR) is currently 81.60%.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares of the company's stock, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lisa Chang sold 13,445 shares of Coca-Cola stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the sale, the executive vice president now directly owns 94,676 shares of the company's stock, valued at $6,769,334. This represents a 12.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 462,407 shares of company stock valued at $32,990,056. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price target for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Cfra Research raised Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.