The Coca-Cola Company (NYSE:KO) Stock Holdings Raised by Waterloo Capital L.P.

Waterloo Capital L.P. grew its stake in The Coca-Cola Company (NYSE:KO) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,415 shares of the company’s stock after purchasing an additional 4,118 shares during the period. Waterloo Capital L.P.’s holdings in Coca-Cola were worth $2,454,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KO. Crowley Wealth Management Inc. bought a new position in Coca-Cola during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola during the fourth quarter worth $38,000. Finally, Hoey Investments Inc. boosted its holdings in Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after purchasing an additional 181 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO opened at $69.87 on Friday. The stock has a market cap of $300.67 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.79 and a beta of 0.45. The firm’s 50-day simple moving average is $68.72 and its 200 day simple moving average is $66.42. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week 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.

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

Coca-Cola Increases Dividend

The company 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 dividend on an annualized basis 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 dividend payout ratio is 82.59%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, February 13th. Barclays reissued an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.24.

Insider Buying and Selling at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Henrique Braun sold 25,277 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. The trade was a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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 Company 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.