4,783 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Liberty Square Wealth Partners LLC

Liberty Square Wealth Partners LLC acquired a new stake 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 and Exchange Commission (SEC). The firm acquired 4,783 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Great Valley Advisor Group Inc. increased its stake in shares of Coca-Cola by 1.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 50,617 shares of the company's stock worth $3,151,000 after buying an additional 645 shares during the period. Cypress Asset Management Inc. TX purchased a new position in Coca-Cola during the 4th quarter valued at $1,630,000. Ameriflex Group Inc. purchased a new position in Coca-Cola during the 4th quarter valued at $321,000. United Advisor Group LLC raised its holdings in Coca-Cola by 38.5% in the 4th quarter. United Advisor Group LLC now owns 13,366 shares of the company's stock worth $832,000 after purchasing an additional 3,717 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Coca-Cola in the 4th quarter worth about $852,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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. Morgan Stanley boosted their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. UBS Group boosted their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Thursday, February 13th. Two research 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 company. Based on data from MarketBeat, Coca-Cola has a consensus rating of "Buy" and a consensus price target of $75.81.

Insider Activity

In related news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares of the company's stock, valued at approximately $3,749,745.02. This trade represents a 32.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,761 shares of company stock valued at $16,474,587 over the last ninety days. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Up 0.2%

NYSE:KO traded up $0.17 during midday trading on Thursday, hitting $71.32. The stock had a trading volume of 4,805,211 shares, compared to its average volume of 15,653,945. The stock has a 50-day moving average of $71.23 and a 200 day moving average of $67.14. The company has a market capitalization of $306.96 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola's payout ratio is currently 81.60%.

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.