The Coca-Cola Company (NYSE:KO) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,608 shares of the company’s stock after buying an additional 367 shares during the period. Capital Investment Advisory Services LLC’s holdings in Coca-Cola were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KO. Brendel Financial Advisors LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at $1,781,000. Klingenstein Fields & Co. LP increased its position in shares of Coca-Cola by 26.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 34,665 shares of the company’s stock valued at $2,043,000 after acquiring an additional 7,164 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of Coca-Cola by 3.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 351,607 shares of the company’s stock valued at $20,720,000 after acquiring an additional 12,924 shares during the period. Cetera Trust Company N.A acquired a new stake in shares of Coca-Cola in the fourth quarter worth $1,900,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter worth $2,475,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola 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 value of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Beatriz R. Perez sold 52,300 shares of the company’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 completion of the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock worth $22,795,742 in the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of NYSE:KO traded up $1.26 during trading on Friday, reaching $60.17. The stock had a trading volume of 21,207,852 shares, compared to its average volume of 11,594,415. The stock has a market cap of $259.40 billion, a PE ratio of 24.26, a PEG ratio of 3.44 and a beta of 0.59. The business has a fifty day moving average price of $59.94 and a 200-day moving average price of $58.58. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. 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 (NYSE:KO) last issued its earnings results 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 business had revenue of $10.80 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.45 EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.22%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Citigroup boosted their target price on shares of 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. dropped their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.09.

About Coca-Cola

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.