Investor s Fiduciary Advisor Network LLC Takes Position in The Coca-Cola Company (NYSE:KO)

Investor s Fiduciary Advisor Network LLC acquired a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,340 shares of the company's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Voleon Capital Management LP bought a new stake in Coca-Cola during the 4th quarter worth about $2,513,000. Rice Partnership LLC lifted its holdings in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after buying an additional 6,793 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after buying an additional 8,499 shares in the last quarter. Clark & Stuart Inc acquired a new stake in shares of Coca-Cola in the 4th quarter valued at $1,582,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Coca-Cola by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after buying an additional 8,810 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

KO stock traded down $0.32 during trading hours on Tuesday, reaching $69.21. The stock had a trading volume of 2,834,499 shares, compared to its average volume of 18,005,291. The stock has a 50-day simple moving average of $70.94 and a 200 day simple moving average of $66.65. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market capitalization of $297.90 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping 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 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 earnings per share. The business's revenue was down .7% compared to the same quarter last year. Analysts predict that The Coca-Cola Company will post 2.96 EPS 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 given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's payout ratio is presently 81.60%.

Analysts Set New Price Targets

Several research firms recently issued reports on KO. UBS Group raised their price target on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Royal Bank of Canada raised their price target on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $75.59.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares in the company, 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. In the last 90 days, insiders have sold 462,407 shares of company stock worth $32,990,056. 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.