SG Americas Securities LLC raised its position in CocaCola Company (The) (NYSE:KO – Free Report) by 288.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,025,595 shares of the company’s stock after purchasing an additional 2,245,959 shares during the period. SG Americas Securities LLC’s holdings in CocaCola were worth $211,519,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of KO. Headlands Technologies LLC bought a new position in CocaCola during the second quarter worth $26,000. Marquette Asset Management LLC acquired a new position in CocaCola in the third quarter valued at $27,000. Cloud Capital Management LLC bought a new stake in CocaCola during the third quarter valued at $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in CocaCola during the 3rd quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in CocaCola during the 3rd quarter worth about $30,000. 70.26% of the stock is owned by institutional investors.
CocaCola Price Performance
Shares of NYSE KO opened at $75.12 on Tuesday. The firm has a market capitalization of $323.34 billion, a P/E ratio of 24.71, a P/E/G ratio of 3.13 and a beta of 0.35. The firm’s 50-day moving average price is $76.50 and its 200-day moving average price is $71.72. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 1.23. CocaCola Company has a 1-year low of $65.35 and a 1-year high of $82.00.
CocaCola Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. This is a boost from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. CocaCola’s payout ratio is 69.74%.
Insider Transactions at CocaCola
In related news, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $77.37, for a total value of $1,847,595.60. Following the transaction, the executive vice president directly owned 17,725 shares in the company, valued at $1,371,383.25. This trade represents a 57.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nancy Quan sold 23,556 shares of CocaCola stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the completion of the sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at approximately $17,754,735. The trade was a 9.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 892,925 shares of company stock valued at $70,254,796. Company insiders own 0.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $83.00 price objective on shares of CocaCola in a research note on Thursday, January 29th. Jefferies Financial Group raised their target price on CocaCola from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Evercore reiterated an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. Morgan Stanley set a $88.00 price target on CocaCola in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. increased their price target on CocaCola from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $84.60.
Check Out Our Latest Stock Report on KO
CocaCola Profile
The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.
Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.
Further Reading
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