Family Management Corp Takes Position in The Coca-Cola Company (NYSE:KO)

Family Management Corp bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,661 shares of the company's stock, valued at approximately $228,000.

A number of other large investors also recently modified their holdings of the business. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola during the 4th quarter valued at $37,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Coca-Cola in the fourth quarter valued at $38,000. Finally, Hoey Investments Inc. boosted its stake in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after buying an additional 181 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KO shares. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, UBS Group increased their target price on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Coca-Cola presently has an average rating of "Buy" and a consensus price target of $75.59.

Coca-Cola Stock Down 0.8 %

Coca-Cola stock traded down $0.55 during mid-day trading on Friday, hitting $70.62. 11,225,074 shares of the company's stock were exchanged, compared to its average volume of 15,515,531. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The stock has a 50 day moving average of $70.95 and a two-hundred day moving average of $66.64. The stock has a market cap of $303.97 billion, a P/E ratio of 28.59, a P/E/G ratio of 3.79 and a beta of 0.47. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.89%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now owns 246,909 shares in the company, valued at approximately $17,520,662.64. The trade was a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 462,407 shares of company stock worth $32,990,056 in the last quarter. 0.97% of the stock is currently owned by company insiders.

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.