Alaska Permanent Fund Corp Increases Holdings in The Coca-Cola Company (NYSE:KO)

Alaska Permanent Fund Corp increased its position in The Coca-Cola Company (NYSE:KO) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 86,768 shares of the company’s stock after purchasing an additional 1,432 shares during the period. Alaska Permanent Fund Corp’s holdings in Coca-Cola were worth $5,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fountainhead AM LLC increased its position in Coca-Cola by 5.7% in the 4th quarter. Fountainhead AM LLC now owns 3,795 shares of the company’s stock valued at $224,000 after acquiring an additional 205 shares during the period. Arbor Wealth Advisors LLC acquired a new position in Coca-Cola in the 4th quarter valued at about $439,000. Weatherly Asset Management L. P. increased its position in Coca-Cola by 6.2% in the 4th quarter. Weatherly Asset Management L. P. now owns 85,383 shares of the company’s stock valued at $5,032,000 after acquiring an additional 4,991 shares during the period. GAMMA Investing LLC acquired a new position in Coca-Cola in the 4th quarter valued at about $1,861,000. Finally, Ellenbecker Investment Group increased its position in Coca-Cola by 71.2% in the 4th quarter. Ellenbecker Investment Group now owns 7,293 shares of the company’s stock valued at $429,000 after acquiring an additional 3,032 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on KO shares. JPMorgan Chase & Co. dropped their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Barclays boosted their target price on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Coca-Cola Price Performance

Shares of KO traded up $0.36 on Thursday, reaching $61.91. The stock had a trading volume of 4,807,553 shares, compared to its average volume of 13,835,057. The firm has a market capitalization of $266.91 billion, a PE ratio of 24.95, a PEG ratio of 3.46 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $60.02 and a 200 day moving average of $58.74. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.69.

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

Coca-Cola Increases Dividend

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

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.