The Coca-Cola Company (NYSE:KO) Shares Purchased by Johnson Financial Group Inc.

Johnson Financial Group Inc. increased its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,103 shares of the company's stock after purchasing an additional 5,533 shares during the quarter. Johnson Financial Group Inc.'s holdings in Coca-Cola were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KO. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola during the 4th quarter valued at about $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola during the fourth quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola in the fourth quarter worth approximately $38,000. Finally, Hoey Investments Inc. boosted its stake in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after acquiring an additional 181 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Trading Down 1.3 %

Coca-Cola stock traded down $0.96 during mid-day trading on Thursday, hitting $71.59. The company's stock had a trading volume of 7,150,111 shares, compared to its average volume of 15,384,433. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The stock has a market cap of $308.10 billion, a PE ratio of 29.00, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a 50 day moving average of $70.88 and a 200-day moving average of $66.58. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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 analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Coca-Cola's dividend payout ratio is currently 81.60%.

Insider Transactions at Coca-Cola

In other news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. The trade was a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KO shares. UBS Group raised their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday. TD Cowen raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target 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. Finally, Wells Fargo & Company increased their target price on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of "Buy" and a consensus target price 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.