Aaron Wealth Advisors LLC increased its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 34.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,088 shares of the company’s stock after buying an additional 12,515 shares during the period. Aaron Wealth Advisors LLC’s holdings in CocaCola were worth $3,432,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Apexium Financial LP lifted its holdings in CocaCola by 1.2% in the 3rd quarter. Apexium Financial LP now owns 12,154 shares of the company’s stock valued at $810,000 after purchasing an additional 142 shares in the last quarter. Prosperity Financial Group Inc. lifted its holdings in CocaCola by 3.9% in the 3rd quarter. Prosperity Financial Group Inc. now owns 3,957 shares of the company’s stock valued at $262,000 after purchasing an additional 148 shares in the last quarter. Ashton Thomas Securities LLC lifted its holdings in CocaCola by 1.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 12,656 shares of the company’s stock valued at $835,000 after purchasing an additional 149 shares in the last quarter. Diversified Enterprises LLC lifted its holdings in CocaCola by 1.0% in the 3rd quarter. Diversified Enterprises LLC now owns 14,656 shares of the company’s stock valued at $972,000 after purchasing an additional 150 shares in the last quarter. Finally, Capital Management Associates Inc lifted its holdings in CocaCola by 4.0% in the 3rd quarter. Capital Management Associates Inc now owns 3,915 shares of the company’s stock valued at $260,000 after purchasing an additional 150 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
CocaCola Stock Up 0.7%
KO opened at $77.26 on Tuesday. The firm has a 50 day moving average price of $77.39 and a 200 day moving average price of $72.34. The company has a market cap of $332.55 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.24 and a beta of 0.36. CocaCola Company has a 1 year low of $65.35 and a 1 year high of $82.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.46.
CocaCola Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.7%. This is a positive change from CocaCola’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, March 13th. CocaCola’s dividend payout ratio is 69.74%.
Insider Buying and Selling
In other CocaCola news, EVP Nancy Quan sold 23,556 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total value of $1,872,702.00. Following the completion of the sale, the executive vice president owned 223,330 shares of the company’s stock, valued at $17,754,735. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica Howard Douglas sold 23,880 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $77.37, for a total transaction of $1,847,595.60. Following the completion of the sale, the executive vice president directly owned 17,725 shares of the company’s stock, valued at $1,371,383.25. This trade represents a 57.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 892,925 shares of company stock valued at $70,254,796 over the last three months. Company insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of CocaCola from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Royal Bank Of Canada set a $87.00 target price on shares of CocaCola in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of CocaCola from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Jefferies Financial Group upped their target price on shares of CocaCola from $87.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Evercore restated an “outperform” rating and issued a $85.00 target price on shares of CocaCola in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, CocaCola currently has a consensus rating of “Buy” and a consensus price target of $84.80.
Read Our Latest Report on CocaCola
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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