The Coca-Cola Company (NYSE:KO) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its position in The Coca-Cola Company (NYSE:KO) by 240.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,351 shares of the company’s stock after acquiring an additional 8,719 shares during the period. Larson Financial Group LLC’s holdings in Coca-Cola were worth $728,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KO. ZRC Wealth Management LLC increased its stake in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the period. Criterion Capital Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at about $30,000. Financial Connections Group Inc. bought a new position in shares of Coca-Cola during the 4th quarter valued at about $38,000. Avion Wealth boosted its position in shares of Coca-Cola by 64.8% during the 4th quarter. Avion Wealth now owns 819 shares of the company’s stock valued at $48,000 after purchasing an additional 322 shares in the last quarter. Finally, Clear Investment Research LLC grew its position in Coca-Cola by 36.1% during the third quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock valued at $52,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock valued at $22,795,742 in the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KO. JPMorgan Chase & Co. lowered their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday. Barclays upped their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup upped their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Coca-Cola Stock Down 0.1 %

NYSE KO traded down $0.06 during trading hours on Tuesday, reaching $60.49. 7,614,891 shares of the company’s stock were exchanged, compared to its average volume of 13,817,437. The company’s 50-day moving average is $59.95 and its two-hundred day moving average is $58.67. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $260.78 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the business earned $0.45 EPS. Coca-Cola’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

About Coca-Cola

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.