True North Advisors LLC Has $776,000 Stake in The Coca-Cola Company (NYSE:KO)

True North Advisors LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,173 shares of the company’s stock after selling 613 shares during the period. True North Advisors LLC’s holdings in Coca-Cola were worth $776,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Coca-Cola during the first quarter worth about $77,000. Merit Financial Group LLC grew its holdings in Coca-Cola by 16.7% during the 1st quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock worth $758,000 after acquiring an additional 1,754 shares during the last quarter. NewEdge Advisors LLC increased its position in Coca-Cola by 41.4% in the 1st quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock valued at $9,255,000 after acquiring an additional 43,680 shares in the last quarter. Ergoteles LLC grew its stake in shares of Coca-Cola by 385.3% during the first quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock valued at $1,180,000 after purchasing an additional 15,110 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Coca-Cola by 11.9% in the first quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock valued at $176,115,000 after purchasing an additional 301,804 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.8 %

NYSE:KO opened at $60.68 on Tuesday. The company has a market cap of $261.60 billion, a PE ratio of 24.47, a PEG ratio of 3.47 and a beta of 0.59. The stock has a 50-day simple moving average of $60.10 and a 200 day simple moving average of $58.36. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99.

Coca-Cola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is presently 78.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KO shares. JPMorgan Chase & Co. boosted their target price on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Citigroup upped their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays lifted their price objective on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Get Our Latest Stock Analysis on KO

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

About Coca-Cola

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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