Three Seasons Wealth LLC Takes Position in The Coca-Cola Company (NYSE:KO)

Three Seasons Wealth LLC purchased a new position in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,020 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nebula Research & Development LLC purchased a new stake in Coca-Cola in the fourth quarter worth $640,000. Rothschild Capital Partners LLC bought a new stake in Coca-Cola in the fourth quarter worth $314,000. Keyvantage Wealth LLC purchased a new stake in shares of Coca-Cola in the fourth quarter worth $233,000. Stonebridge Capital Advisors LLC increased its holdings in shares of Coca-Cola by 1.8% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 292,050 shares of the company’s stock valued at $18,183,000 after acquiring an additional 5,078 shares in the last quarter. Finally, Hancock Whitney Corp raised its position in shares of Coca-Cola by 8.8% in the 4th quarter. Hancock Whitney Corp now owns 47,100 shares of the company’s stock worth $2,932,000 after purchasing an additional 3,791 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 145,435 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock worth $22,263,071 in the last quarter. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KO has been the subject of several recent analyst reports. Cfra Research raised shares of Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Wells Fargo & Company increased their target price on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Evercore ISI lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Barclays reaffirmed an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, Morgan Stanley lifted their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $75.06.

Coca-Cola Price Performance

NYSE:KO opened at $72.51 on Friday. The stock has a market cap of $312.05 billion, a PE ratio of 29.36, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The business’s 50-day simple moving average is $70.72 and its two-hundred day simple moving average is $66.50. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.51 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, March 14th. Coca-Cola’s payout ratio is currently 82.59%.

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.