The Coca-Cola Company (NYSE:KO) Shares Purchased by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. boosted its stake in The Coca-Cola Company (NYSE:KO – Get Rating) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,858 shares of the company’s stock after acquiring an additional 1,471 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Coca-Cola were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KO. My Personal CFO LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $25,000. Exos TFP Holdings LLC acquired a new stake in shares of Coca-Cola during the third quarter worth $27,000. Worth Asset Management LLC raised its holdings in shares of Coca-Cola by 956.1% during the fourth quarter. Worth Asset Management LLC now owns 433 shares of the company’s stock worth $28,000 after purchasing an additional 392 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Coca-Cola during the third quarter worth $31,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth about $32,000. 68.74% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Down 0.4 %

NYSE:KO traded down $0.22 on Friday, hitting $60.19. 5,283,014 shares of the stock were exchanged, compared to its average volume of 12,757,069. The stock has a market capitalization of $260.30 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 3.45 and a beta of 0.54. The Coca-Cola Company has a 52 week low of $54.01 and a 52 week high of $65.47. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.95 and a current ratio of 1.15. The company’s 50-day moving average price is $62.68 and its 200 day moving average price is $61.85.

Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Coca-Cola had a return on equity of 42.96% and a net margin of 22.69%. The company had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.78 billion. During the same period in the prior year, the business posted $0.64 EPS. Coca-Cola’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that The Coca-Cola Company will post 2.61 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 16th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 15th. Coca-Cola’s dividend payout ratio (DPR) is currently 80.70%.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, February 14th. JPMorgan Chase & Co. set a $67.00 target price on shares of Coca-Cola in a research note on Tuesday, February 14th. StockNews.com started coverage on shares of Coca-Cola in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Credit Suisse Group set a $70.00 price objective on shares of Coca-Cola in a research note on Wednesday, February 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Coca-Cola from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 15th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.80.

Insiders Place Their Bets

In other Coca-Cola news, insider Henrique Braun sold 16,950 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $64.03, for a total transaction of $1,085,308.50. Following the completion of the transaction, the insider now owns 26,272 shares of the company’s stock, valued at approximately $1,682,196.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, SVP Nancy Quan sold 74,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the transaction, the senior vice president now owns 219,790 shares in the company, valued at approximately $12,903,870.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Henrique Braun sold 16,950 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $64.03, for a total value of $1,085,308.50. Following the transaction, the insider now owns 26,272 shares in the company, valued at approximately $1,682,196.16. The disclosure for this sale can be found here. Insiders sold a total of 540,473 shares of company stock valued at $33,992,699 in the last quarter. 1.00% of the stock is currently owned by insiders.

About Coca-Cola

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.