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

Aurdan Capital Management LLC purchased a new position in The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,328 shares of the company's stock, valued at approximately $4,441,000. Coca-Cola makes up 1.7% of Aurdan Capital Management LLC's holdings, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Peachtree Investment Partners LLC increased its stake in shares of Coca-Cola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after purchasing an additional 157 shares during the period. Fort Sheridan Advisors LLC increased its stake in shares of Coca-Cola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after acquiring an additional 161 shares during the period. Excalibur Management Corp increased its stake in shares of Coca-Cola by 0.6% during the fourth quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after acquiring an additional 161 shares during the period. Tradition Wealth Management LLC increased its stake in shares of Coca-Cola by 3.0% during the fourth quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after acquiring an additional 167 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Coca-Cola by 0.4% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company's stock valued at $2,440,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group raised their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. DZ Bank upgraded shares of 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. Finally, Morgan Stanley raised their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of "Buy" and an average price target of $75.81.

Coca-Cola Trading Up 0.1%

NYSE KO traded up $0.04 on Thursday, hitting $71.19. 4,456,762 shares of the stock were exchanged, compared to its average volume of 15,652,701. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week 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 company has a market capitalization of $306.43 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 3.79 and a beta of 0.47. The company's 50-day moving average price is $71.23 and its two-hundred day moving average price is $67.14.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the previous year, the company posted $0.72 EPS. Coca-Cola's revenue was down .7% on a year-over-year basis. Research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current 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. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is currently 81.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now owns 187,716 shares of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Murphy sold 88,658 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 229,761 shares of company stock valued at $16,474,587. Insiders own 0.97% of the company's stock.

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.