Sigma Planning Corp Has $4.99 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Sigma Planning Corp lowered its position in The Coca-Cola Company (NYSE:KO) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,112 shares of the company’s stock after selling 1,263 shares during the period. Sigma Planning Corp’s holdings in Coca-Cola were worth $4,988,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Callan Capital LLC lifted its position in shares of Coca-Cola by 21.3% in the 4th quarter. Callan Capital LLC now owns 8,743 shares of the company’s stock worth $544,000 after purchasing an additional 1,536 shares during the period. Redmond Asset Management LLC lifted its position in shares of Coca-Cola by 291.8% in the 4th quarter. Redmond Asset Management LLC now owns 11,974 shares of the company’s stock worth $746,000 after purchasing an additional 8,918 shares during the period. Winebrenner Capital Management LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $1,239,000. Navellier & Associates Inc. lifted its position in shares of Coca-Cola by 17.7% in the 4th quarter. Navellier & Associates Inc. now owns 25,410 shares of the company’s stock worth $1,582,000 after purchasing an additional 3,817 shares during the period. Finally, Prentice Wealth Management LLC increased its stake in shares of Coca-Cola by 6.6% in the 4th quarter. Prentice Wealth Management LLC now owns 10,385 shares of the company’s stock valued at $647,000 after acquiring an additional 639 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, February 13th. Finally, Evercore ISI boosted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $71.37 on Friday. The company’s 50-day moving average is $63.71 and its 200 day moving average is $66.44. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company has a market capitalization of $307.46 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

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

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s payout ratio is 78.54%.

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.