The Coca-Cola Company (NYSE:KO) Shares Purchased by Fountainhead AM LLC

Fountainhead AM LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,795 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Fountainhead AM LLC’s holdings in Coca-Cola were worth $224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Traynor Capital Management Inc. grew its position in Coca-Cola by 54.3% during the third quarter. Traynor Capital Management Inc. now owns 5,911 shares of the company’s stock valued at $331,000 after buying an additional 2,080 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Coca-Cola by 5.0% during the third quarter. Flagship Harbor Advisors LLC now owns 32,517 shares of the company’s stock worth $1,820,000 after purchasing an additional 1,557 shares in the last quarter. Impact Partnership Wealth LLC increased its stake in shares of Coca-Cola by 213.8% during the third quarter. Impact Partnership Wealth LLC now owns 2,554 shares of the company’s stock worth $143,000 after purchasing an additional 1,740 shares in the last quarter. 1900 Wealth Management LLC increased its stake in shares of Coca-Cola by 71.3% during the third quarter. 1900 Wealth Management LLC now owns 9,012 shares of the company’s stock worth $505,000 after purchasing an additional 3,751 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in shares of Coca-Cola by 3.1% during the third quarter. Founders Financial Securities LLC now owns 42,100 shares of the company’s stock valued at $2,357,000 after acquiring an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on KO shares. Barclays increased their target price on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup increased their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Coca-Cola Price Performance

Shares of NYSE:KO traded up $0.09 during midday trading on Tuesday, hitting $60.64. The company had a trading volume of 13,687,837 shares, compared to its average volume of 13,898,879. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.99. 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 stock has a market cap of $261.43 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. The business’s 50-day simple moving average is $59.98 and its 200-day simple moving average is $58.72.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company 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 firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. On average, research analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.485 per share. 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 3.20%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Insider Transactions at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction 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 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 over the last ninety days. Company insiders own 0.97% of the company’s stock.

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.