The Coca-Cola Company (NYSE:KO) Shares Purchased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,243 shares of the company’s stock after purchasing an additional 865 shares during the period. SGL Investment Advisors Inc.’s holdings in Coca-Cola were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola during the fourth quarter valued at $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Coca-Cola during the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $38,000. Finally, Hoey Investments Inc. raised its stake in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after buying an additional 181 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Trading Up 3.4%

Shares of KO stock 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 Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company’s 50-day moving average price is $70.86 and its 200-day moving average price is $66.72. The stock has a market cap of $307.76 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 3.79 and a beta of 0.47.

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

Coca-Cola Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on KO. Royal Bank of Canada lifted their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. UBS Group increased their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Piper Sandler raised their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, DZ Bank upgraded 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. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $75.59.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Insiders sold a total of 462,407 shares of company stock valued at $32,990,056 over the last quarter. 0.97% of the stock is owned by insiders.

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.