Cache Advisors LLC Buys Shares of 5,313 The Coca-Cola Company (NYSE:KO)

Cache Advisors LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,313 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors have also recently bought and sold shares of the business. Crowley Wealth Management Inc. bought a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola in the 4th quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola in the 4th quarter worth $38,000. Hoey Investments Inc. lifted its holdings in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after purchasing an additional 181 shares in the last quarter. Finally, MilWealth Group LLC bought a new position in Coca-Cola during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other news, CFO John Murphy sold 88,658 shares of the company'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 $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 284,469 shares of company stock valued at $20,356,667 over the last ninety days. Company insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 0.1%

Shares of KO traded down $0.04 during mid-day trading on Tuesday, hitting $71.73. 10,553,424 shares of the company's stock traded hands, compared to its average volume of 15,711,104. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The firm has a market capitalization of $308.75 billion, a P/E ratio of 29.04, a PEG ratio of 3.79 and a beta of 0.47. The business's 50-day moving average price is $71.14 and its 200-day moving average price is $67.08.

Coca-Cola (NYSE:KO - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.84%. Coca-Cola's payout ratio is 81.60%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Piper Sandler lifted their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Royal Bank of Canada lifted their target price on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $75.81.

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.