Vista Investment Partners LLC boosted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,417 shares of the company's stock after purchasing an additional 7,793 shares during the quarter. Vista Investment Partners LLC's holdings in Coca-Cola were worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new stake in shares of Coca-Cola in the fourth quarter worth approximately $241,000. Brighton Jones LLC raised its stake in Coca-Cola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Coca-Cola in the 4th quarter valued at $24,472,000. Revolve Wealth Partners LLC boosted its holdings in shares of Coca-Cola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG grew its stake in shares of Coca-Cola by 12.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock valued at $1,189,000 after buying an additional 2,072 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola Stock Down 0.7%
Shares of NYSE KO opened at $70.51 on Tuesday. 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 1 year low of $60.62 and a 1 year high of $74.38. The stock's 50-day simple moving average is $71.60 and its 200-day simple moving average is $67.94. The firm has a market cap of $303.50 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.79 and a beta of 0.46.
Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (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 company 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 EPS. Coca-Cola's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.
Coca-Cola Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.89%. Coca-Cola's dividend payout ratio is presently 81.60%.
Insider Buying and Selling at Coca-Cola
In other Coca-Cola news, CFO John Murphy sold 88,658 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now owns 187,716 shares in the company, 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. Insiders have sold 415,387 shares of company stock worth $29,923,985 in the last ninety days. 0.97% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Cfra Research raised Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, Piper Sandler boosted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $76.00.
Read Our Latest Research Report on KO
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.
See Also
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