The Coca-Cola Company (NYSE:KO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its stake in shares of The Coca-Cola Company (NYSE:KO) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,174,988 shares of the company’s stock after selling 279,269 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Coca-Cola worth $187,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Insigneo Advisory Services LLC grew its holdings in Coca-Cola by 12.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock worth $2,354,000 after buying an additional 4,527 shares in the last quarter. HF Advisory Group LLC boosted its stake in Coca-Cola by 7.6% during the 3rd quarter. HF Advisory Group LLC now owns 6,770 shares of the company’s stock valued at $379,000 after purchasing an additional 476 shares in the last quarter. Wahed Invest LLC boosted its stake in Coca-Cola by 10.3% during the 3rd quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock valued at $3,435,000 after purchasing an additional 5,707 shares in the last quarter. Cohen Lawrence B boosted its stake in Coca-Cola by 2.8% during the 3rd quarter. Cohen Lawrence B now owns 40,872 shares of the company’s stock valued at $2,288,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Coca-Cola by 3.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company’s stock valued at $2,738,000 after purchasing an additional 1,455 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Down 0.2 %

Shares of KO opened at $58.14 on Tuesday. The stock has a market cap of $250.65 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.31 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. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99. The company has a 50-day moving average price of $60.01 and a two-hundred day moving average price of $58.51.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. Coca-Cola’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.34%. The ex-dividend date was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is 78.23%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research reports. Citigroup increased their price target on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, Barclays increased their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.18.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 18,551 shares of the business’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 value of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock worth $22,795,742 in the last quarter. 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.