The Coca-Cola Company (NYSE:KO) Holdings Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,065,042 shares of the company's stock after selling 886,878 shares during the quarter. Nuveen Asset Management LLC owned about 0.40% of Coca-Cola worth $1,062,470,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fiduciary Alliance LLC boosted its position in shares of 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 purchasing an additional 8,499 shares during the period. Brookstone Capital Management increased its stake in Coca-Cola by 36.3% during the fourth quarter. Brookstone Capital Management now owns 111,063 shares of the company's stock worth $6,915,000 after purchasing an additional 29,605 shares during the period. Cooper Financial Group grew its holdings in shares of Coca-Cola by 9.4% in the fourth quarter. Cooper Financial Group now owns 17,070 shares of the company's stock valued at $1,063,000 after purchasing an additional 1,472 shares in the last quarter. PFW Advisors LLC purchased a new stake in Coca-Cola during the 4th quarter worth approximately $29,003,000. Finally, BCS Wealth Management acquired a new stake in Coca-Cola during the 4th quarter worth approximately $629,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KO. Morgan Stanley lifted their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $75.59.

Coca-Cola Trading Up 3.4%

NYSE KO traded up $2.34 during trading hours on Thursday, hitting $71.50. 19,798,106 shares of the company's stock were exchanged, compared to its average volume of 15,618,335. The business's 50 day moving average is $70.86 and its 200-day moving average is $66.72. 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 12-month low of $60.62 and a 12-month high of $74.38. The firm has a market capitalization of $307.76 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47.

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, beating analysts' consensus estimates of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

Insider Activity

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares of the company's stock, valued at $17,520,662.64. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Quincey sold 145,435 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $24,324,191.46. The trade was a 29.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 462,407 shares of company stock worth $32,990,056 over the last 90 days. Company 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.