The Coca-Cola Company (NYSE:KO) is Montag A & Associates Inc.'s 8th Largest Position

Montag A & Associates Inc. decreased its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 523,654 shares of the company's stock after selling 19,674 shares during the quarter. Coca-Cola accounts for approximately 1.7% of Montag A & Associates Inc.'s holdings, making the stock its 8th biggest position. Montag A & Associates Inc.'s holdings in Coca-Cola were worth $30,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. Mirae Asset Global Investments Co. Ltd. grew its stake in Coca-Cola by 5.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,113,228 shares of the company's stock valued at $62,321,000 after acquiring an additional 54,480 shares in the last quarter. Park Avenue Securities LLC grew its stake in Coca-Cola by 1.0% during the third quarter. Park Avenue Securities LLC now owns 76,294 shares of the company's stock valued at $4,271,000 after acquiring an additional 738 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in Coca-Cola during the third quarter valued at $224,000. Gratus Capital LLC grew its stake in shares of Coca-Cola by 10.1% in the 3rd quarter. Gratus Capital LLC now owns 43,966 shares of the company's stock worth $2,461,000 after buying an additional 4,026 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new position in shares of Coca-Cola in the 3rd quarter worth $385,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Up 0.6 %

Shares of NYSE:KO traded up $0.38 during trading hours on Friday, hitting $63.26. The company's stock had a trading volume of 8,361,827 shares, compared to its average volume of 13,807,544. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The company has a market capitalization of $272.50 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 3.54 and a beta of 0.57. The firm's fifty day moving average price is $60.43 and its 200 day moving average price is $59.35. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.25.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. Coca-Cola's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. As a group, research analysts expect that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola's dividend payout ratio is presently 77.60%.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st. UBS Group lifted their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Barclays lifted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Finally, Citigroup lifted their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.27.

Insiders Place Their Bets

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the business's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company's stock, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Beatriz R. Perez sold 57,298 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company's stock, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 247,188 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 380,405 shares of company stock valued at $23,209,645. 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.

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