The Coca-Cola Company (NYSE:KO) Shares Sold by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. trimmed its position in The Coca-Cola Company (NYSE:KO) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,398 shares of the company’s stock after selling 213 shares during the period. Integral Investment Advisors Inc.’s holdings in Coca-Cola were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KO. Hara Capital LLC acquired a new position in Coca-Cola in the third quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the third quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola in the fourth quarter worth about $37,000. MilWealth Group LLC acquired a new position in Coca-Cola in the fourth quarter worth about $40,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the third quarter valued at approximately $43,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KO shares. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Evercore ISI lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $71.37 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market cap of $307.46 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.61. The stock’s 50 day moving average price is $63.71 and its 200 day moving average price is $66.42. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Equities research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio is currently 78.54%.

Coca-Cola Company 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.