Independent Advisor Alliance Has $32.66 Million Stake in The Coca-Cola Company (NYSE:KO)

Independent Advisor Alliance raised its holdings in The Coca-Cola Company (NYSE:KOFree Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 554,190 shares of the company’s stock after buying an additional 13,798 shares during the quarter. Coca-Cola accounts for approximately 1.2% of Independent Advisor Alliance’s holdings, making the stock its 16th biggest holding. Independent Advisor Alliance’s holdings in Coca-Cola were worth $32,658,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Allegheny Financial Group LTD boosted its holdings in shares of Coca-Cola by 5.0% during the 4th quarter. Allegheny Financial Group LTD now owns 14,884 shares of the company’s stock worth $877,000 after buying an additional 706 shares during the period. Verity Asset Management Inc. grew its position in shares of Coca-Cola by 3.4% in the fourth quarter. Verity Asset Management Inc. now owns 10,983 shares of the company’s stock valued at $647,000 after purchasing an additional 363 shares during the last quarter. Marathon Capital Management increased its stake in shares of Coca-Cola by 12.6% during the fourth quarter. Marathon Capital Management now owns 18,270 shares of the company’s stock worth $1,077,000 after purchasing an additional 2,042 shares during the period. Level Four Advisory Services LLC lifted its holdings in Coca-Cola by 25.6% during the 4th quarter. Level Four Advisory Services LLC now owns 83,699 shares of the company’s stock worth $4,932,000 after purchasing an additional 17,068 shares during the last quarter. Finally, Hamel Associates Inc. grew its holdings in Coca-Cola by 30.6% in the 4th quarter. Hamel Associates Inc. now owns 111,935 shares of the company’s stock valued at $6,596,000 after buying an additional 26,213 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

NYSE KO traded down $0.29 on Friday, hitting $63.03. 11,539,022 shares of the company’s stock were exchanged, compared to its average volume of 13,018,880. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $63.76. The stock has a 50-day moving average of $60.87 and a 200-day moving average of $59.70. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a market cap of $271.53 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 3.58 and a beta of 0.57.

Coca-Cola (NYSE:KOGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the prior year, the company earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KO shares. Evercore ISI lifted their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Barclays boosted their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.27.

View Our Latest Report on Coca-Cola

Insider Buying and Selling

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Henrique Braun sold 57,298 shares of Coca-Cola stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $63.08, for a total transaction of $3,614,357.84. Following the transaction, the executive vice president now owns 52,466 shares in the company, valued at approximately $3,309,555.28. The disclosure for this sale can be found here. Insiders sold a total of 446,577 shares of company stock worth $27,385,816 in the last three months. 0.97% of the stock is owned by corporate insiders.

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.

Recommended Stories

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KOFree Report).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.