Aurdan Capital Management LLC Makes New $4.44 Million Investment in The Coca-Cola Company (NYSE:KO)

Aurdan Capital Management LLC acquired a new position in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 71,328 shares of the company's stock, valued at approximately $4,441,000. Coca-Cola accounts for about 1.7% of Aurdan Capital Management LLC's portfolio, making the stock its 20th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in KO. Voleon Capital Management LP bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $2,513,000. Rice Partnership LLC boosted its holdings in shares of Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after buying an additional 6,793 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Coca-Cola by 62.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,708 shares of the company's stock valued at $1,663,000 after acquiring an additional 10,240 shares in the last quarter. Lockheed Martin Investment Management Co. increased its holdings in shares of Coca-Cola by 16.3% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 218,985 shares of the company's stock valued at $13,634,000 after acquiring an additional 30,650 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of Coca-Cola by 0.3% during the fourth quarter. abrdn plc now owns 7,238,640 shares of the company's stock valued at $447,963,000 after acquiring an additional 22,904 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO John Murphy sold 88,658 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer now directly owns 205,511 shares in the company, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 284,469 shares of company stock worth $20,356,667. 0.97% of the stock is currently owned by insiders.

Coca-Cola Price Performance

NYSE KO traded down $0.04 during trading on Tuesday, reaching $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 stock has a market capitalization of $308.75 billion, a PE ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47. 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 fifty day moving average of $71.14 and a 200 day moving average of $67.08. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38.

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

Coca-Cola Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Royal Bank of Canada boosted their price target 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. Evercore ISI increased their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price target 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. Finally, Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $75.81.

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.