McAdam LLC Acquires 209 Shares of The Coca-Cola Company (NYSE:KO)

McAdam LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 2.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,417 shares of the company’s stock after acquiring an additional 209 shares during the period. McAdam LLC’s holdings in Coca-Cola were worth $614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. Mather Group LLC. lifted its stake in shares of Coca-Cola by 5.9% in the 4th quarter. Mather Group LLC. now owns 56,298 shares of the company’s stock worth $3,318,000 after purchasing an additional 3,122 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Coca-Cola by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company’s stock valued at $941,000 after purchasing an additional 841 shares during the last quarter. Capital Investment Counsel Inc boosted its stake in Coca-Cola by 3.8% during the fourth quarter. Capital Investment Counsel Inc now owns 136,234 shares of the company’s stock valued at $8,028,000 after buying an additional 4,943 shares during the last quarter. Eagle Wealth Strategies LLC purchased a new position in shares of Coca-Cola in the fourth quarter valued at $295,000. Finally, Blue Chip Partners LLC lifted its position in Coca-Cola by 0.4% during the fourth quarter. Blue Chip Partners LLC now owns 60,991 shares of the company’s stock valued at $3,594,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Citigroup lifted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Barclays raised their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $67.22.

Insider Activity

In related news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 323,107 shares of company stock worth $19,657,742. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.5 %

Shares of NYSE:KO opened at $62.04 on Tuesday. 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 business’s 50 day moving average is $60.17 and its 200 day moving average is $58.96. The stock has a market cap of $267.47 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.69.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Sell-side analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is presently 78.23%.

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.