Castlekeep Investment Advisors LLC Purchases Shares of 19,283 The Coca-Cola Company (NYSE:KO)

Castlekeep Investment Advisors LLC acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,283 shares of the company's stock, valued at approximately $1,201,000.

A number of other large investors have also bought and sold shares of the company. Peachtree Investment Partners LLC lifted its stake in Coca-Cola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock worth $697,000 after acquiring an additional 157 shares during the last quarter. Fort Sheridan Advisors LLC increased its position in shares of Coca-Cola by 3.3% in the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after purchasing an additional 161 shares during the last quarter. Excalibur Management Corp raised its holdings in shares of Coca-Cola by 0.6% in the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after purchasing an additional 161 shares in the last quarter. Wells Trecaso Financial Group LLC grew its stake in shares of Coca-Cola by 4.8% during the fourth quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company's stock worth $225,000 after purchasing an additional 164 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its stake in Coca-Cola by 3.0% in the fourth quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after buying an additional 167 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KO shares. UBS Group increased their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Royal Bank of Canada boosted their price objective on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley upped their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler raised their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Two 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 stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of "Buy" and a consensus price target of $75.81.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded down $0.04 on Tuesday, reaching $71.73. 10,655,618 shares of the company were exchanged, compared to its average volume of 15,711,109. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The firm has a market cap of $308.75 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The company's 50-day moving average is $71.14 and its two-hundred day moving average is $67.08.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data 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 net margin of 22.59% and a return on equity of 45.37%. The business 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 company posted $0.72 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business 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 of this dividend 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%.

Insider Transactions at Coca-Cola

In related news, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the sale, the chief operating officer now directly owns 52,466 shares in the company, valued at approximately $3,749,745.02. The trade was a 32.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the business'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 of the company's stock, valued at $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. Insiders sold a total of 284,469 shares of company stock valued at $20,356,667 over the last quarter. Company insiders own 0.97% of the company's stock.

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.