The Coca-Cola Company (NYSE:KO) Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. increased its position in shares of The Coca-Cola Company (NYSE:KO) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,909 shares of the company’s stock after acquiring an additional 2,665 shares during the period. Texas Yale Capital Corp.’s holdings in Coca-Cola were worth $3,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KO. Howard Capital Management Group LLC boosted its holdings in Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of Coca-Cola by 25.0% during the 3rd quarter. Morse Asset Management Inc now owns 17,500 shares of the company’s stock worth $1,258,000 after acquiring an additional 3,500 shares in the last quarter. Executive Wealth Management LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth $478,000. Vestcor Inc raised its position in shares of Coca-Cola by 2.3% during the third quarter. Vestcor Inc now owns 80,511 shares of the company’s stock worth $5,786,000 after purchasing an additional 1,848 shares during the period. Finally, Brophy Wealth Management LLC purchased a new stake in shares of Coca-Cola during the third quarter valued at $1,126,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley upped their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, January 8th. Barclays reissued an “overweight” rating on shares of Coca-Cola in a research note on Thursday, March 27th. Finally, UBS Group upped their target price on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola Stock Performance

Shares of KO opened at $68.18 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company’s fifty day moving average price is $69.03 and its 200 day moving average price is $66.35. The company has a market capitalization of $293.40 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.95.

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

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.51 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.99%. Coca-Cola’s dividend payout ratio is 82.59%.

Insiders Place Their Bets

In other news, COO Henrique Braun sold 25,277 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now directly owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the sale, the executive vice president now directly owns 94,676 shares in the company, valued at approximately $6,769,334. This represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,423 shares of company stock worth $22,263,071. 0.97% of the stock is currently owned by company insiders.

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.