Capital Analysts LLC Has $4.80 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Capital Analysts LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,153 shares of the company’s stock after buying an additional 12,450 shares during the quarter. Capital Analysts LLC’s holdings in Coca-Cola were worth $4,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola in the 4th quarter valued at $27,000. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Coca-Cola during the fourth quarter valued at about $38,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth about $37,000. Finally, Hoey Investments Inc. raised its holdings in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KO shares. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Morgan Stanley increased their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola currently has a consensus rating of “Buy” and a consensus target price of $75.06.

Insider Buying and Selling at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Henrique Braun sold 25,277 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock valued at $22,263,071 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

NYSE:KO opened at $71.96 on Friday. The company has a market capitalization of $309.68 billion, a P/E ratio of 29.13, a P/E/G ratio of 3.79 and a beta of 0.45. The business has a fifty day simple moving average of $70.78 and a two-hundred day simple moving average of $66.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping 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%. On average, analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Coca-Cola’s payout ratio is currently 82.59%.

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.