Chancellor Financial Group WB LP Invests $782,000 in The Coca-Cola Company (NYSE:KO)

Chancellor Financial Group WB LP acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,566 shares of the company's stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Tallon Kerry Patrick acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $241,000. Brighton Jones LLC boosted its stake in Coca-Cola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock valued at $2,433,000 after acquiring an additional 4,591 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Coca-Cola by 6.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,086 shares of the company's stock worth $2,433,000 after acquiring an additional 2,394 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Coca-Cola in the 4th quarter worth about $24,472,000. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Coca-Cola by 44.8% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 14,656 shares of the company's stock worth $912,000 after purchasing an additional 4,535 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

KO has been the subject of a number of research analyst reports. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Piper Sandler boosted their target price on shares of 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 boosted their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, UBS Group upped their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two 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, the company currently has a consensus rating of "Buy" and an average target price of $75.81.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded up $0.64 during midday trading on Friday, hitting $72.13. The company had a trading volume of 28,013,099 shares, compared to its average volume of 15,764,664. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38. The business's 50 day simple moving average is $71.35 and its two-hundred day simple moving average is $67.26. The stock has a market cap of $310.47 billion, a PE ratio of 29.20, 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.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, equities analysts predict 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. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.83%. Coca-Cola's dividend payout ratio is currently 81.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 55,500 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $71.01, for a total value of $3,941,055.00. Following the sale, the insider now directly owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola 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 of the company's stock, 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. Over the last ninety days, insiders sold 229,761 shares of company stock worth $16,474,587. 0.97% of the stock is owned by corporate insiders.

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.