Steward Partners Investment Advisory LLC Purchases 18,877 Shares of The Coca-Cola Company (NYSE:KO)

Steward Partners Investment Advisory LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,565 shares of the company’s stock after acquiring an additional 18,877 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Coca-Cola were worth $26,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Unified Investment Management bought a new position in Coca-Cola in the 4th quarter valued at approximately $344,000. Kelly Financial Group LLC bought a new position in Coca-Cola in the 4th quarter valued at approximately $332,000. Mission Wealth Management LP lifted its stake in Coca-Cola by 0.6% in the 4th quarter. Mission Wealth Management LP now owns 37,379 shares of the company’s stock valued at $2,327,000 after purchasing an additional 241 shares during the last quarter. Silver Coast Investments LLC lifted its stake in Coca-Cola by 5.4% in the 4th quarter. Silver Coast Investments LLC now owns 4,044 shares of the company’s stock valued at $252,000 after purchasing an additional 208 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its stake in Coca-Cola by 1.8% in the 4th quarter. Woodley Farra Manion Portfolio Management Inc. now owns 74,361 shares of the company’s stock valued at $4,630,000 after purchasing an additional 1,317 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the transaction, the insider now directly owns 246,909 shares of the company’s stock, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares in the company, valued at $6,769,334. This trade represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 232,646 shares of company stock worth $16,515,469. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on KO shares. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler upped their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday. Barclays upped their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola Trading Up 1.5 %

KO opened at $72.29 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The stock has a market cap of $310.92 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a fifty day moving average of $64.73 and a 200-day moving average of $66.52. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS 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, sell-side analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

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.