Siemens Fonds Invest GmbH Buys 77,191 Shares of The Coca-Cola Company (NYSE:KO)

Siemens Fonds Invest GmbH grew its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 63.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,579 shares of the company's stock after buying an additional 77,191 shares during the quarter. Coca-Cola accounts for approximately 0.6% of Siemens Fonds Invest GmbH's holdings, making the stock its 26th biggest holding. Siemens Fonds Invest GmbH's holdings in Coca-Cola were worth $12,364,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KO. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola during the fourth quarter worth $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the fourth quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp acquired a new stake in Coca-Cola during the 4th quarter worth $38,000. Finally, Hoey Investments Inc. lifted its holdings 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 purchasing an additional 181 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Up 3.4%

Shares of KO opened at $71.50 on Friday. The stock has a fifty day moving average of $70.86 and a 200-day moving average of $66.72. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. 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 stock has a market capitalization of $307.76 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating 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 analyst estimates of $11.23 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio is 81.60%.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 54,708 shares of the company's 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 sale, the insider now owns 246,909 shares in the company, valued at $17,520,662.64. This represents a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,407 shares of company stock worth $32,990,056. Corporate insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DZ Bank upgraded Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Piper Sandler increased their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola presently has an average rating of "Buy" and a consensus price target of $75.59.

Coca-Cola Company 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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