Landscape Capital Management L.L.C. Increases Position in The Coca-Cola Company (NYSE:KO)

Landscape Capital Management L.L.C. boosted its holdings in The Coca-Cola Company (NYSE:KO) by 159.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,975 shares of the company’s stock after buying an additional 19,036 shares during the period. Landscape Capital Management L.L.C.’s holdings in Coca-Cola were worth $1,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its position in Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after acquiring an additional 2,069 shares in the last quarter. Morse Asset Management Inc increased its holdings in Coca-Cola by 25.0% during the 3rd quarter. Morse Asset Management Inc now owns 17,500 shares of the company’s stock worth $1,258,000 after purchasing an additional 3,500 shares during the last quarter. Weaver Consulting Group boosted its stake in shares of Coca-Cola by 6.2% during the 3rd quarter. Weaver Consulting Group now owns 4,627 shares of the company’s stock valued at $332,000 after buying an additional 272 shares during the last quarter. Wahed Invest LLC grew its position in shares of Coca-Cola by 10.0% during the third quarter. Wahed Invest LLC now owns 93,805 shares of the company’s stock worth $6,741,000 after buying an additional 8,548 shares in the last quarter. Finally, Wexford Capital LP increased its stake in shares of Coca-Cola by 33.0% in the third quarter. Wexford Capital LP now owns 14,120 shares of the company’s stock worth $1,015,000 after buying an additional 3,503 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, insider Nikolaos Koumettis sold 54,708 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares of the company’s stock, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 in the last 90 days. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Down 4.5 %

Shares of NYSE:KO opened at $69.87 on Friday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.95. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $300.67 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The firm has a fifty day moving average of $68.72 and a two-hundred day moving average of $66.45.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.92%. This is an increase 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%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Barclays reaffirmed an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. UBS Group raised their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two investment 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’s stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $74.24.

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.