Cypress Asset Management Inc. TX Invests $1.63 Million in The Coca-Cola Company (NYSE:KO)

Cypress Asset Management Inc. TX purchased a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,345 shares of the company's stock, valued at approximately $1,630,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Coca-Cola by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock worth $4,617,400,000 after purchasing an additional 11,569,920 shares during the last quarter. Norges Bank bought a new position in shares of Coca-Cola in the fourth quarter worth about $3,402,151,000. Northern Trust Corp lifted its holdings in Coca-Cola by 9.5% in the 4th quarter. Northern Trust Corp now owns 43,802,296 shares of the company's stock worth $2,727,131,000 after purchasing an additional 3,811,756 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock worth $2,123,301,000 after purchasing an additional 6,118,819 shares in the last quarter. Finally, Capital International Investors lifted its holdings in Coca-Cola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock worth $1,553,337,000 after purchasing an additional 12,222,885 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 54,708 shares of the company'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 directly owns 246,909 shares of the company's stock, valued at $17,520,662.64. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 284,469 shares of company stock valued at $20,356,667 over the last quarter. Insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 0.1%

KO traded down $0.04 during midday trading on Tuesday, hitting $71.73. The company's stock had a trading volume of 10,658,148 shares, compared to its average volume of 15,711,147. The firm has a market cap of $308.75 billion, a P/E ratio of 29.04, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $71.14 and a two-hundred day moving average price of $67.08.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share 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 the consensus estimate of $11.23 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company's revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.84%. Coca-Cola's dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Evercore ISI upped their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $75.81.

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.