Chapman Financial Group LLC Buys Shares of 30,202 The Coca-Cola Company (NYSE:KO)

Chapman Financial Group LLC purchased a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,202 shares of the company's stock, valued at approximately $1,880,000. Coca-Cola comprises about 1.5% of Chapman Financial Group LLC's holdings, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $4,617,400,000 after acquiring an additional 11,569,920 shares during the last quarter. Norges Bank bought a new stake in Coca-Cola in the fourth quarter worth $3,402,151,000. Northern Trust Corp boosted its position in Coca-Cola by 9.5% during the fourth quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock valued at $2,727,131,000 after buying an additional 3,811,756 shares during the period. Franklin Resources Inc. increased its holdings in shares of Coca-Cola by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after buying an additional 6,118,819 shares during the period. Finally, Capital International Investors lifted its stake in shares of Coca-Cola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after acquiring an additional 12,222,885 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Transactions at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 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 disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock valued at $22,263,071 in the last quarter. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KO. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. UBS Group increased their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Royal Bank of Canada boosted their price target on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of "Buy" and a consensus target price of $75.59.

Coca-Cola Trading Up 0.6 %

Shares of NYSE KO opened at $71.69 on Monday. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38. 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 firm has a 50-day moving average of $70.90 and a 200 day moving average of $66.54. The stock has a market cap of $308.52 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO - Get Free Report) last released its 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. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. As a group, sell-side analysts expect 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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. Coca-Cola's payout ratio is presently 81.60%.

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.

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