Thoma Capital Management LLC Buys Shares of 10,738 The Coca-Cola Company (NYSE:KO)

Thoma Capital Management LLC purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,738 shares of the company's stock, valued at approximately $669,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Coca-Cola in the 4th quarter valued at about $3,402,151,000. Capital International Investors boosted its position in Coca-Cola by 96.0% in the 4th quarter. Capital International Investors now owns 24,949,194 shares of the company's stock valued at $1,553,337,000 after buying an additional 12,222,885 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Coca-Cola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company's stock valued at $4,617,400,000 after buying an additional 11,569,920 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Coca-Cola in the 4th quarter valued at about $500,192,000. Finally, Franklin Resources Inc. boosted its position in Coca-Cola by 21.9% in the 4th quarter. Franklin Resources Inc. now owns 34,103,772 shares of the company's stock valued at $2,123,301,000 after buying an additional 6,118,819 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.9%

Shares of Coca-Cola stock traded up $0.64 during midday trading on Friday, reaching $72.13. 28,013,099 shares of the company's stock traded hands, compared to its average volume of 15,764,664. The company has a market cap of $310.47 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company's 50 day simple moving average is $71.35 and its 200 day simple moving average is $67.26. 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 Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last announced its 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 net margin of 22.59% and a return on equity of 45.37%. The firm 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 firm posted $0.72 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. Coca-Cola's payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Evercore ISI raised 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. Finally, Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of "Buy" and an average price target of $75.81.

Insider Activity

In other Coca-Cola news, insider Nikolaos Koumettis sold 55,500 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total value of $3,941,055.00. Following the completion of the transaction, the insider now directly owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the completion of 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 represents a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,761 shares of company stock worth $16,474,587. Corporate insiders own 0.97% of the company's stock.

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.