The Coca-Cola Company (NYSE:KO) Shares Purchased by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. raised its holdings in The Coca-Cola Company (NYSE:KO) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,219 shares of the company’s stock after purchasing an additional 418 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Coca-Cola were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in KO. Hibernia Wealth Partners LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth approximately $25,000. ZRC Wealth Management LLC grew its holdings in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth approximately $30,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Coca-Cola in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KO. JPMorgan Chase & Co. increased their target price on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Barclays increased their target price on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Citigroup increased their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Insider Activity

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’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 sale, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock worth $22,795,742 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.1 %

Shares of Coca-Cola stock traded up $0.09 during trading hours on Thursday, reaching $61.12. 4,212,318 shares of the company’s stock were exchanged, compared to its average volume of 14,035,743. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The firm has a market capitalization of $263.50 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The company has a fifty day moving average of $60.04 and a 200-day moving average of $58.30. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

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 analyst estimates of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Sell-side analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.17%. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

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.