Savant Capital LLC raised its position in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 527,294 shares of the company’s stock after buying an additional 8,064 shares during the quarter. Savant Capital LLC’s holdings in Coca-Cola were worth $31,073,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Enterprise Bank & Trust Co raised its stake in shares of Coca-Cola by 3.4% during the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after buying an additional 167 shares in the last quarter. Elk River Wealth Management LLC raised its position in Coca-Cola by 1.6% in the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after acquiring an additional 170 shares in the last quarter. KRS Capital Management LLC boosted its position in shares of Coca-Cola by 3.8% during the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares in the last quarter. Wayfinding Financial LLC grew its stake in shares of Coca-Cola by 1.8% during the 4th quarter. Wayfinding Financial LLC now owns 9,734 shares of the company’s stock worth $573,000 after purchasing an additional 175 shares during the period. Finally, John G Ullman & Associates Inc. increased its holdings in shares of Coca-Cola by 2.2% in the 4th quarter. John G Ullman & Associates Inc. now owns 8,081 shares of the company’s stock valued at $476,000 after purchasing an additional 175 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.
Coca-Cola Price Performance
KO stock traded down $0.28 during trading on Tuesday, hitting $61.76. The stock had a trading volume of 19,343,326 shares, compared to its average volume of 14,053,786. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.69. The stock has a market cap of $266.26 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The company’s 50 day moving average price is $60.17 and its two-hundred day moving average price is $58.96. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13.
Coca-Cola Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is currently 78.23%.
Insider Activity at Coca-Cola
In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 323,107 shares of company stock worth $19,657,742. 0.97% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
KO has been the topic of several recent analyst reports. Barclays upped their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup raised their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. decreased their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.22.
Get Our Latest Stock Report on Coca-Cola
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.
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