The Coca-Cola Company (NYSE:KO) Stock Holdings Lifted by Capital Analysts LLC

Capital Analysts LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,153 shares of the company's stock after purchasing an additional 12,450 shares during the quarter. Capital Analysts LLC's holdings in Coca-Cola were worth $4,804,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KO. UP Strategic Wealth Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 30.4% in the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 6,741 shares of the company's stock valued at $420,000 after acquiring an additional 1,571 shares during the period. Three Seasons Wealth LLC acquired a new stake in Coca-Cola during the 4th quarter worth $499,000. Nebula Research & Development LLC purchased a new position in Coca-Cola during the 4th quarter worth $640,000. Rothschild Capital Partners LLC acquired a new position in Coca-Cola in the fourth quarter valued at $314,000. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $233,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Trading Down 0.0 %

Shares of NYSE KO traded down $0.03 during trading on Wednesday, hitting $72.32. 5,946,448 shares of the company traded hands, compared to its average volume of 15,372,097. 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 capitalization of $311.23 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a 50-day moving average price of $70.86 and a 200-day moving average price of $66.53. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm's revenue was down .7% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.51 dividend. This is an increase from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.82%. Coca-Cola's dividend payout ratio is presently 82.59%.

Insider Buying and Selling

In other news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the completion of the sale, the chief operating officer now directly owns 52,466 shares in the company, valued at $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction that occurred 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. In the last ninety days, insiders have sold 313,423 shares of company stock valued at $22,263,071. Corporate insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Piper Sandler lifted their price target on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. 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 note on Wednesday, January 8th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. UBS Group lifted their price target on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola currently has an average rating of "Buy" and a consensus target price of $75.18.

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.