Integrated Investment Consultants LLC Boosts Holdings in The Coca-Cola Company (NYSE:KO)

Integrated Investment Consultants LLC lifted its holdings in The Coca-Cola Company (NYSE:KOFree Report) by 18.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,639 shares of the company’s stock after acquiring an additional 896 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Coca-Cola were worth $332,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fairfield Bush & CO. purchased a new position in Coca-Cola in the 1st quarter worth approximately $77,000. Merit Financial Group LLC grew its holdings in shares of Coca-Cola by 16.7% in the first quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock worth $758,000 after purchasing an additional 1,754 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Coca-Cola by 41.4% in the first quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock worth $9,255,000 after buying an additional 43,680 shares during the period. Ergoteles LLC raised its holdings in Coca-Cola by 385.3% during the 1st quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock valued at $1,180,000 after buying an additional 15,110 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Coca-Cola by 11.9% during the 1st quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock valued at $176,115,000 after buying an additional 301,804 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KO. Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Barclays lifted their target price on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Check Out Our Latest Report on KO

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Up 0.1 %

Shares of NYSE KO traded up $0.04 on Wednesday, reaching $60.19. 1,094,145 shares of the company’s stock traded hands, compared to its average volume of 13,926,543. The business’s 50 day simple moving average is $60.13 and its two-hundred day simple moving average is $58.39. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99. The company has a market cap of $259.49 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.485 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.22%. Coca-Cola’s payout ratio is presently 78.23%.

Coca-Cola Profile

(Free Report)

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.

See Also

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

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