Borer Denton & Associates Inc. Buys 520 Shares of The Coca-Cola Company (NYSE:KO)

Borer Denton & Associates Inc. raised its holdings in The Coca-Cola Company (NYSE:KO) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,892 shares of the company’s stock after acquiring an additional 520 shares during the quarter. Borer Denton & Associates Inc.’s holdings in Coca-Cola were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola during the 4th quarter worth $27,000. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola during the fourth quarter worth about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Coca-Cola in the 4th quarter valued at approximately $38,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $37,000. Finally, MilWealth Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $40,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 145,435 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $68.85 on Wednesday. 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 cap of $296.30 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm’s fifty day moving average is $67.28 and its two-hundred day moving average is $66.40.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. 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 2.96%. Coca-Cola’s dividend payout ratio is presently 82.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KO shares. Barclays increased their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday, February 6th. UBS Group raised their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI increased their price target on 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.24.

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.