J.Safra Asset Management Corp Has $318,000 Holdings in The Coca-Cola Company (NYSE:KO)

J.Safra Asset Management Corp lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 113.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,128 shares of the company’s stock after buying an additional 2,725 shares during the quarter. J.Safra Asset Management Corp’s holdings in Coca-Cola were worth $318,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Souders Financial Advisors grew its stake in Coca-Cola by 8.8% during the fourth quarter. Souders Financial Advisors now owns 6,083 shares of the company’s stock worth $379,000 after purchasing an additional 494 shares during the period. Snider Financial Group acquired a new stake in Coca-Cola during the fourth quarter worth approximately $562,000. Triad Wealth Partners LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $497,000. Wealth Advisory Solutions LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $279,000. Finally, Carrera Capital Advisors grew its position in shares of Coca-Cola by 12.6% during the 4th quarter. Carrera Capital Advisors now owns 47,759 shares of the company’s stock worth $2,973,000 after buying an additional 5,337 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 145,435 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $24,324,191.46. This trade represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 232,646 shares of company stock valued at $16,515,469 over the last three months. 0.97% of the stock is currently owned by insiders.

Coca-Cola Price Performance

Coca-Cola stock opened at $70.08 on Wednesday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The business’s 50 day simple moving average is $64.87 and its 200 day simple moving average is $66.53. The company has a market cap of $301.40 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.79 and a beta of 0.61.

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

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.91%. Coca-Cola’s dividend payout ratio is 82.59%.

Analysts Set New Price Targets

Several brokerages have recently commented on KO. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Barclays boosted their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

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.