Covestor Ltd Has $197,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Covestor Ltd lessened its stake in shares of The Coca-Cola Company (NYSE:KO) by 11.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,161 shares of the company’s stock after selling 399 shares during the period. Covestor Ltd’s holdings in Coca-Cola were worth $197,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its position in Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after purchasing an additional 2,069 shares during the last quarter. Morse Asset Management Inc raised its holdings in shares of Coca-Cola by 25.0% in the third quarter. Morse Asset Management Inc now owns 17,500 shares of the company’s stock valued at $1,258,000 after buying an additional 3,500 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Coca-Cola by 2.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,327 shares of the company’s stock worth $742,000 after buying an additional 202 shares in the last quarter. TCW Group Inc. grew its holdings in Coca-Cola by 147.5% during the 3rd quarter. TCW Group Inc. now owns 142,937 shares of the company’s stock worth $10,271,000 after acquiring an additional 85,189 shares during the last quarter. Finally, Bard Financial Services Inc. increased its position in Coca-Cola by 0.4% in the 3rd quarter. Bard Financial Services Inc. now owns 182,521 shares of the company’s stock valued at $13,116,000 after acquiring an additional 680 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Trading Up 1.4 %

KO opened at $70.93 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.95. The firm has a market cap of $305.23 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. 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 firm’s fifty day moving average is $69.43 and its two-hundred day moving average is $66.36.

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

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.88%. Coca-Cola’s payout ratio is currently 82.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. 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 research report on Wednesday, January 8th. UBS Group boosted their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays reiterated an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.24.

Insider Buying and Selling

In other Coca-Cola 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 transaction of $1,806,547.19. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total value of $3,941,055.00. Following the completion of the sale, the insider now directly owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is owned by corporate insiders.

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.