Fountainhead AM LLC Increases Holdings in The Coca-Cola Company (NYSE:KO)

Fountainhead AM LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,795 shares of the company’s stock after acquiring an additional 205 shares during the period. Fountainhead AM LLC’s holdings in Coca-Cola were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KO. Traynor Capital Management Inc. boosted its position in Coca-Cola by 54.3% during the 3rd quarter. Traynor Capital Management Inc. now owns 5,911 shares of the company’s stock worth $331,000 after purchasing an additional 2,080 shares during the period. Flagship Harbor Advisors LLC boosted its position in Coca-Cola by 5.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 32,517 shares of the company’s stock valued at $1,820,000 after buying an additional 1,557 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in Coca-Cola by 213.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,554 shares of the company’s stock valued at $143,000 after buying an additional 1,740 shares during the last quarter. 1900 Wealth Management LLC boosted its position in Coca-Cola by 71.3% in the 3rd quarter. 1900 Wealth Management LLC now owns 9,012 shares of the company’s stock valued at $505,000 after buying an additional 3,751 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its position in Coca-Cola by 3.1% in the 3rd quarter. Founders Financial Securities LLC now owns 42,100 shares of the company’s stock valued at $2,357,000 after buying an additional 1,276 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO James Quincey sold 247,188 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold a total of 375,407 shares of company stock worth $22,795,742 over the last quarter. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KO. Citigroup upped their price objective 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. Barclays upped their price objective on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.09.

Coca-Cola Stock Up 0.1 %

Shares of Coca-Cola stock traded up $0.09 during trading on Tuesday, reaching $60.64. The company had a trading volume of 13,687,837 shares, compared to its average volume of 13,898,879. The company has a market cap of $261.43 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. The firm’s fifty day moving average is $59.98 and its 200-day moving average is $58.72. 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 fifty-two week low of $51.55 and a fifty-two week high of $64.99.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. Coca-Cola’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, analysts anticipate that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

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

About Coca-Cola

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.