The Coca-Cola Company (NYSE:KO) Shares Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. raised its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,493 shares of the company’s stock after acquiring an additional 380 shares during the quarter. Howard Financial Services LTD.’s holdings in Coca-Cola were worth $383,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at about $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at about $25,000. Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at about $30,000. KB Financial Partners LLC acquired a new stake in shares of Coca-Cola in the 1st quarter valued at about $31,000. Finally, Meitav Investment House Ltd. purchased a new stake in Coca-Cola during the 2nd quarter valued at approximately $34,000. 68.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 92,028 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $59.06, for a total transaction of $5,435,173.68. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $26,136,766.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Quincey sold 92,028 shares of Coca-Cola stock in a transaction on Monday, December 18th. The stock was sold at an average price of $59.06, for a total value of $5,435,173.68. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at $26,136,766.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola 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 transaction, 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 90 days, insiders have sold 467,435 shares of company stock worth $28,230,915. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Citigroup upped 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, Barclays upped their price objective on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Check Out Our Latest Analysis on KO

Coca-Cola Stock Performance

Shares of KO stock traded down $0.62 during trading hours on Friday, reaching $59.88. 36,849,930 shares of the company’s stock were exchanged, compared to its average volume of 14,275,774. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99. The company has a market cap of $258.23 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. The company’s 50 day moving average is $59.99 and its two-hundred day moving average is $58.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

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

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is 78.23%.

Coca-Cola 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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