The Coca-Cola Company (NYSE:KO) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC raised its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,683 shares of the company’s stock after buying an additional 4,527 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Coca-Cola were worth $2,354,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Coca-Cola by 1.0% during the 2nd quarter. State Street Corp now owns 171,246,926 shares of the company’s stock valued at $10,390,407,000 after buying an additional 1,628,772 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Coca-Cola by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 79,165,884 shares of the company’s stock worth $4,754,907,000 after buying an additional 2,183,864 shares during the period. Morgan Stanley raised its position in shares of Coca-Cola by 15.7% in the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after buying an additional 10,722,435 shares during the period. Charles Schwab Investment Management Inc. raised its position in Coca-Cola by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock valued at $3,501,789,000 after purchasing an additional 2,464,618 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its position in Coca-Cola by 103,297.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Institutional investors and hedge funds own 68.96% of the company’s stock.

Coca-Cola Trading Down 0.6 %

KO traded down $0.39 during mid-day trading on Friday, hitting $59.63. The stock had a trading volume of 4,789,813 shares, compared to its average volume of 13,877,591. The stock’s fifty day simple moving average is $59.79 and its 200-day simple moving average is $58.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $257.15 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99.

Coca-Cola (NYSE:KOGet Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, research analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.25%. Coca-Cola’s payout ratio is 78.23%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KO shares. Citigroup raised their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group began coverage on Coca-Cola in a research note on Monday, November 13th. They issued a “hold” rating and a $64.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Finally, Barclays boosted their price objective on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

View Our Latest Stock Analysis on Coca-Cola

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the sale, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, 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 three months, insiders have sold 391,516 shares of company stock valued at $23,636,810. 1.00% of the stock is owned by insiders.

Coca-Cola Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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