Rothschild Capital Partners LLC Invests $314,000 in The Coca-Cola Company (NYSE:KO)

Rothschild Capital Partners LLC acquired a new stake in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,040 shares of the company’s stock, valued at approximately $314,000.

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

Coca-Cola Stock Performance

NYSE:KO opened at $72.51 on Friday. The company has a market cap of $312.05 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. 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 Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a fifty day simple moving average of $70.72 and a two-hundred day simple moving average of $66.50.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, February 11th. The company reported $0.55 EPS 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%. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.51 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.81%. Coca-Cola’s dividend payout ratio (DPR) is 82.59%.

Insider Buying and Selling

In other news, COO Henrique Braun sold 25,277 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 19,058 shares of the firm’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 sold 313,423 shares of company stock worth $22,263,071 over the last 90 days. 0.97% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Morgan Stanley upped their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Cfra Research raised Coca-Cola to a “strong-buy” rating in a research report on Tuesday, April 15th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Buy” and a consensus price target of $75.06.

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.