ICW Investment Advisors LLC Raises Position in The Coca-Cola Company (NYSE:KO)

ICW Investment Advisors LLC boosted its stake in The Coca-Cola Company (NYSE:KO) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,917 shares of the company’s stock after buying an additional 587 shares during the quarter. ICW Investment Advisors LLC’s holdings in Coca-Cola were worth $1,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. ZRC Wealth Management LLC increased its holdings in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $30,000. Financial Connections Group Inc. acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $38,000. Avion Wealth increased its holdings in shares of Coca-Cola by 64.8% during the 4th quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after buying an additional 322 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $53,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction on 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 quarter, insiders sold 323,107 shares of company stock worth $19,657,742. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Evercore ISI raised their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.18.

Coca-Cola Stock Up 0.6 %

Shares of NYSE:KO traded up $0.35 during trading on Wednesday, hitting $62.12. The company’s stock had a trading volume of 5,611,919 shares, compared to its average volume of 13,944,726. The business has a 50 day moving average price of $60.19 and a two-hundred day moving average price of $59.02. The company has a market capitalization of $267.81 billion, a PE ratio of 24.92, a P/E/G ratio of 3.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.25.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s 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.