Siemens Fonds Invest GmbH grew its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 63.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,579 shares of the company's stock after buying an additional 77,191 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Coca-Cola were worth $12,364,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Tallon Kerry Patrick purchased a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $241,000. Brighton Jones LLC lifted its stake in shares of Coca-Cola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after acquiring an additional 4,591 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Coca-Cola by 0.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 32,641 shares of the company's stock worth $2,032,000 after acquiring an additional 190 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Coca-Cola by 4.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 34,188 shares of the company's stock valued at $2,129,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of 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 valued at $2,433,000 after acquiring an additional 2,394 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.
Insider Buying and Selling at Coca-Cola
In other news, insider Nikolaos Koumettis sold 55,500 shares of the stock in a transaction dated 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 transaction, the insider now owns 246,909 shares in the company, valued at approximately $17,533,008.09. This represents a 18.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now directly owns 205,511 shares of the company's stock, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,761 shares of company stock worth $16,474,587. Insiders own 0.97% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on KO shares. Morgan Stanley boosted their price objective 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. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. UBS Group upped their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI upped their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $75.81.
Get Our Latest Report on KO
Coca-Cola Stock Down 0.9%
Shares of KO traded down $0.64 on Wednesday, reaching $71.14. The stock had a trading volume of 8,697,446 shares, compared to its average volume of 15,696,603. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. 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 capitalization of $306.21 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a 50-day simple moving average of $71.18 and a 200-day simple moving average of $67.11.
Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The business's revenue was down .7% on a year-over-year basis. Sell-side analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.
Coca-Cola Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. Coca-Cola's dividend payout ratio is currently 81.60%.
About Coca-Cola
(
Free Report)
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.
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