Gallagher Fiduciary Advisors LLC Increases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Gallagher Fiduciary Advisors LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,996 shares of the company's stock after buying an additional 3,842 shares during the quarter. Gallagher Fiduciary Advisors LLC's holdings in Coca-Cola were worth $1,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in Coca-Cola during the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola in the 4th quarter valued at $38,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the fourth quarter worth $37,000. Finally, Hoey Investments Inc. grew its position in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KO has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. TD Cowen upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, UBS Group raised their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $75.59.

Coca-Cola Trading Up 0.6 %

NYSE KO traded up $0.40 on Friday, reaching $71.69. The stock had a trading volume of 12,626,934 shares, compared to its average volume of 15,442,534. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average price of $70.90 and a two-hundred day moving average price of $66.56. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The firm has a market capitalization of $308.52 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.79 and a beta of 0.45.

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, 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 firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company's quarterly revenue 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 fiscal year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's payout ratio is currently 81.60%.

Insider Activity

In other news, EVP Lisa Chang sold 13,445 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares of the company's stock, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,423 shares of company stock worth $22,263,071. Corporate insiders own 0.97% of the company's stock.

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.