9,592 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,592 shares of the company's stock, valued at approximately $597,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Bolthouse Investments LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at about $496,000. Johnson Financial Group Inc. grew its stake in shares of Coca-Cola by 73.1% during the 4th quarter. Johnson Financial Group Inc. now owns 13,103 shares of the company's stock worth $832,000 after purchasing an additional 5,533 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at $40,686,000. Coldstream Capital Management Inc. grew its position in Coca-Cola by 7.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 132,617 shares of the company's stock valued at $8,257,000 after buying an additional 9,252 shares during the period. Finally, Capital Analysts LLC increased its stake in shares of Coca-Cola by 19.2% in the 4th quarter. Capital Analysts LLC now owns 77,153 shares of the company's stock valued at $4,804,000 after purchasing an additional 12,450 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 0.3 %

Shares of KO stock traded up $0.21 during trading on Wednesday, reaching $72.56. The company's stock had a trading volume of 21,045,341 shares, compared to its average volume of 18,648,530. The Coca-Cola Company has a 1-year low of $70.42 and a 1-year high of $73.29. The stock's 50-day moving average price is $70.86 and its 200 day moving average price is $66.53. The company has a market capitalization of $312.27 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 3.79 and a beta of 0.45. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.51 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. Coca-Cola's dividend payout ratio (DPR) is currently 82.59%.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 in the last ninety days. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KO. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. UBS Group lifted their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley increased their target price on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two 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 company's stock. According to MarketBeat, Coca-Cola presently has a consensus rating of "Buy" and a consensus target price of $75.59.

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.