Vaughan David Investments LLC IL Increases Stock Holdings in The Coca-Cola Company (NYSE:KO)

Vaughan David Investments LLC IL lifted its stake in The Coca-Cola Company (NYSE:KOFree Report) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 618,015 shares of the company’s stock after buying an additional 8,920 shares during the period. Vaughan David Investments LLC IL’s holdings in Coca-Cola were worth $36,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KO. Moneta Group Investment Advisors LLC boosted its holdings in Coca-Cola by 103,297.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after acquiring an additional 57,678,466 shares during the period. Norges Bank purchased a new position in Coca-Cola during the 4th quarter valued at $2,937,315,000. Morgan Stanley boosted its holdings in Coca-Cola by 15.7% during the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock valued at $5,031,669,000 after acquiring an additional 10,722,435 shares during the period. Barclays PLC boosted its holdings in Coca-Cola by 164.7% during the 2nd quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock valued at $868,981,000 after acquiring an additional 8,979,379 shares during the period. Finally, Capital World Investors boosted its holdings in Coca-Cola by 61.4% during the 1st quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock valued at $667,373,000 after acquiring an additional 4,095,881 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 1.3 %

Shares of KO traded down $0.77 during trading hours on Friday, hitting $58.28. The company had a trading volume of 12,247,027 shares, compared to its average volume of 13,872,773. The company has a market capitalization of $251.26 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The company’s fifty day moving average price is $60.09 and its two-hundred day moving average price is $58.45.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.33%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KO shares. Barclays boosted their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday. Citigroup lifted their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $67.18.

Get Our Latest Analysis on KO

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders sold 375,407 shares of company stock valued at $22,795,742. Corporate insiders own 0.97% of the company’s stock.

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.

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

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