The Coca-Cola Company (NYSE:KO) Shares Bought by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 33.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,506 shares of the company’s stock after acquiring an additional 6,409 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Coca-Cola were worth $1,588,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Howard Capital Management Group LLC boosted its holdings in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Coca-Cola by 14.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,613 shares of the company’s stock worth $978,000 after buying an additional 1,698 shares during the period. GHP Investment Advisors Inc. lifted its position in Coca-Cola by 12.0% during the third quarter. GHP Investment Advisors Inc. now owns 11,499 shares of the company’s stock worth $826,000 after buying an additional 1,229 shares during the period. Bristlecone Advisors LLC acquired a new stake in Coca-Cola in the 3rd quarter worth about $224,000. Finally, Custom Index Systems LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Trading Down 1.1 %

Shares of KO opened at $70.58 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The stock has a 50-day moving average price of $63.87 and a 200 day moving average price of $66.42. The company has a market capitalization of $304.04 billion, a P/E ratio of 28.57, a P/E/G ratio of 3.79 and a beta of 0.61.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, March 14th. Coca-Cola’s payout ratio is currently 78.54%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Morgan Stanley upped their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Piper Sandler reduced 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. Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

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.