Hilltop Holdings Inc. reduced its stake in The Coca-Cola Co (NYSE:KO) by 30.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,902 shares of the company’s stock after selling 18,021 shares during the period. Hilltop Holdings Inc.’s holdings in The Coca-Cola were worth $1,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transamerica Financial Advisors Inc. increased its holdings in shares of The Coca-Cola by 567.7% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after buying an additional 721 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of The Coca-Cola in the 4th quarter worth about $45,000. Cordasco Financial Network increased its holdings in shares of The Coca-Cola by 26.1% in the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after buying an additional 214 shares during the last quarter. PRW Wealth Management LLC bought a new stake in shares of The Coca-Cola in the 4th quarter worth about $50,000. Finally, Country Trust Bank boosted its stake in shares of The Coca-Cola by 2,506.7% during the 4th quarter. Country Trust Bank now owns 1,173 shares of the company’s stock worth $56,000 after purchasing an additional 1,128 shares during the period. Institutional investors own 67.83% of the company’s stock.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

KO has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on shares of The Coca-Cola in a research note on Wednesday, March 6th. They set a “neutral” rating and a $48.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $51.00 price target on shares of The Coca-Cola in a research note on Thursday, February 14th. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research note on Thursday, February 14th. Finally, Citigroup cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $50.00 in a research note on Thursday, February 14th. Sixteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.60.

The Coca-Cola stock opened at $47.40 on Tuesday. The stock has a market capitalization of $202.55 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 3.19 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $50.84.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. As a group, research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.38%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, March 14th. The Coca-Cola’s payout ratio is 76.92%.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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