Semper Augustus Investments Group LLC Has $1.39 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Semper Augustus Investments Group LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,273 shares of the company’s stock after buying an additional 273 shares during the quarter. Coca-Cola comprises approximately 0.2% of Semper Augustus Investments Group LLC’s investment portfolio, making the stock its 24th biggest holding. Semper Augustus Investments Group LLC’s holdings in Coca-Cola were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SGL Investment Advisors Inc. raised its stake in shares of Coca-Cola by 19.8% in the 4th quarter. SGL Investment Advisors Inc. now owns 5,243 shares of the company’s stock valued at $360,000 after purchasing an additional 865 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of Coca-Cola by 12.4% during the fourth quarter. Rafferty Asset Management LLC now owns 336,524 shares of the company’s stock worth $20,952,000 after buying an additional 37,126 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Coca-Cola in the 4th quarter valued at approximately $2,810,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Coca-Cola by 97.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 46,968 shares of the company’s stock valued at $2,924,000 after acquiring an additional 23,230 shares in the last quarter. Finally, Point72 Europe London LLP acquired a new position in Coca-Cola during the 4th quarter worth approximately $107,006,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $71.50 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $307.76 billion, a P/E ratio of 28.95, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The stock has a 50 day moving average of $70.86 and a 200-day moving average of $66.72.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s payout ratio is 81.60%.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent research reports. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Royal Bank of Canada lifted their target price on Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $75.59.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,407 shares of company stock worth $32,990,056. Insiders own 0.97% of the company’s stock.

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.