Transcend Capital Advisors LLC Has $1.95 Million Position in The Coca-Cola Company (NYSE:KO)

Transcend Capital Advisors LLC lowered its holdings in The Coca-Cola Company (NYSE:KO) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,314 shares of the company’s stock after selling 2,181 shares during the period. Transcend Capital Advisors LLC’s holdings in Coca-Cola were worth $1,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Investment Partners Asset Management Inc. lifted its holdings in shares of Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company’s stock valued at $500,000 after purchasing an additional 150 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in Coca-Cola by 1.6% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 9,993 shares of the company’s stock valued at $718,000 after buying an additional 159 shares during the last quarter. Freedom Day Solutions LLC raised its position in Coca-Cola by 1.1% in the 3rd quarter. Freedom Day Solutions LLC now owns 14,229 shares of the company’s stock valued at $1,022,000 after buying an additional 160 shares during the last quarter. First Bank & Trust lifted its stake in Coca-Cola by 0.6% in the 3rd quarter. First Bank & Trust now owns 27,878 shares of the company’s stock valued at $2,003,000 after acquiring an additional 160 shares in the last quarter. Finally, Wells Trecaso Financial Group LLC boosted its position in Coca-Cola by 4.8% during the 4th quarter. Wells Trecaso Financial Group LLC now owns 3,616 shares of the company’s stock worth $225,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.9 %

KO stock opened at $71.37 on Friday. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The business’s 50 day simple moving average is $63.71 and its 200 day simple moving average is $66.44. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $307.46 billion, a PE ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.61.

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

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.86%. Coca-Cola’s dividend payout ratio (DPR) is 78.54%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Evercore ISI lifted their price target on shares of 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 increased their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, Piper Sandler dropped their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.82.

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.