Sei Investments Co. Purchases 90,579 Shares of The Coca-Cola Company (NYSE:KO)

Sei Investments Co. boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,460,761 shares of the company’s stock after buying an additional 90,579 shares during the period. Sei Investments Co.’s holdings in Coca-Cola were worth $86,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Tidemark LLC purchased a new stake in Coca-Cola during the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in Coca-Cola during the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC purchased a new stake in Coca-Cola during the fourth quarter valued at approximately $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Coca-Cola during the fourth quarter valued at approximately $31,000. 70.26% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In related news, EVP Nancy Quan sold 57,368 shares of the company’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 value of $3,491,990.16. Following 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 legal filing with the SEC, which is available through this link. In related news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares in the company, valued at $2,129,621.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 have sold a total of 180,838 shares of company stock worth $11,220,064 over the last quarter. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KO shares. Argus increased their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI raised their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.09.

Coca-Cola Stock Performance

Shares of Coca-Cola stock traded down $0.24 during midday trading on Friday, hitting $63.91. The company had a trading volume of 9,523,089 shares, compared to its average volume of 10,011,966. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.36. The stock has a market cap of $275.32 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.61 and a beta of 0.59. The company has a fifty day simple moving average of $61.53 and a 200 day simple moving average of $60.30.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.04%. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.