3,910 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,910 shares of the company's stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voleon Capital Management LP acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $2,513,000. Rice Partnership LLC raised its holdings in Coca-Cola by 7.1% in the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after acquiring an additional 6,793 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Coca-Cola by 62.2% in the 4th 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 stake in shares of Coca-Cola by 16.3% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 218,985 shares of the company's stock valued at $13,634,000 after purchasing an additional 30,650 shares during the last quarter. Finally, abrdn plc increased its stake in shares of Coca-Cola by 0.3% in the 4th quarter. abrdn plc now owns 7,238,640 shares of the company's stock valued at $447,963,000 after purchasing an additional 22,904 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

Shares of KO stock traded down $0.04 during trading hours on Tuesday, reaching $71.73. The company had a trading volume of 10,658,148 shares, compared to its average volume of 15,711,147. 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 stock has a fifty day moving average of $71.14 and a 200-day moving average of $67.08. The company has a market capitalization of $308.75 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the business posted $0.72 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current 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 issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's payout ratio is 81.60%.

Insider Activity

In related news, insider Nikolaos Koumettis sold 55,500 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the sale, the insider now directly owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This represents a 18.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 284,469 shares of company stock valued at $20,356,667. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KO. JPMorgan Chase & Co. raised 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. Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, UBS Group increased their price objective on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.