2,568 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC bought a new position in The Coca-Cola Company (NYSE:KO) during the fourth quarter, Holdings Channel reports. The firm bought 2,568 shares of the company’s stock, valued at approximately $160,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Crowley Wealth Management Inc. purchased a new stake in Coca-Cola in the 4th quarter valued at about $27,000. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $38,000. Hoey Investments Inc. lifted its position 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 in the last quarter. Finally, MilWealth Group LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on KO shares. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Barclays reissued an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, UBS Group lifted their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Buy” and a consensus target price of $75.81.

Coca-Cola Trading Down 1.0%

NYSE:KO opened at $71.13 on Friday. 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 stock has a market capitalization of $306.16 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The firm’s 50 day moving average is $71.04 and its 200 day moving average is $66.93. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. Coca-Cola’s revenue was down .7% on a year-over-year basis. Sell-side analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. Coca-Cola’s dividend payout ratio is 81.60%.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares of the company’s stock, valued at $17,520,662.64. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 462,407 shares of company stock worth $32,990,056. Corporate insiders own 0.90% of the company’s stock.

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.