Alaska Permanent Fund Corp Acquires 1,432 Shares of The Coca-Cola Company (NYSE:KO)

Alaska Permanent Fund Corp increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,768 shares of the company’s stock after acquiring an additional 1,432 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Coca-Cola were worth $5,113,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Traynor Capital Management Inc. grew its position in shares of Coca-Cola by 54.3% in the third quarter. Traynor Capital Management Inc. now owns 5,911 shares of the company’s stock valued at $331,000 after purchasing an additional 2,080 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Coca-Cola by 5.0% during the third quarter. Flagship Harbor Advisors LLC now owns 32,517 shares of the company’s stock worth $1,820,000 after buying an additional 1,557 shares in the last quarter. Impact Partnership Wealth LLC grew its position in Coca-Cola by 213.8% during the third quarter. Impact Partnership Wealth LLC now owns 2,554 shares of the company’s stock worth $143,000 after buying an additional 1,740 shares in the last quarter. 1900 Wealth Management LLC grew its position in Coca-Cola by 71.3% during the third quarter. 1900 Wealth Management LLC now owns 9,012 shares of the company’s stock worth $505,000 after buying an additional 3,751 shares in the last quarter. Finally, Founders Financial Securities LLC grew its position in Coca-Cola by 3.1% during the third quarter. Founders Financial Securities LLC now owns 42,100 shares of the company’s stock worth $2,357,000 after buying an additional 1,276 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on KO. Citigroup boosted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Barclays lifted their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $67.09.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.6 %

KO stock traded up $0.36 during trading on Thursday, hitting $61.91. 4,807,553 shares of the company traded hands, compared to its average volume of 13,835,057. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.69. 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 50-day moving average of $60.02 and a 200-day moving average of $58.74. The firm has a market capitalization of $266.91 billion, a PE ratio of 24.95, a P/E/G ratio of 3.46 and a beta of 0.59.

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

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

Coca-Cola Company 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.