AJOVista LLC Invests $56,000 in The Coca-Cola Company (NYSE:KO)

AJOVista LLC acquired a new stake in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 951 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors have also added to or reduced their stakes in KO. Fisher Asset Management LLC boosted its stake in Coca-Cola by 11,138.6% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after purchasing an additional 4,933,527 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Coca-Cola by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock valued at $3,501,789,000 after acquiring an additional 2,464,618 shares during the period. Northern Trust Corp grew its stake in Coca-Cola by 4.8% during the third quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock valued at $2,514,234,000 after acquiring an additional 2,040,664 shares in the last quarter. Invesco Ltd. lifted its stake in Coca-Cola by 8.2% in the 3rd quarter. Invesco Ltd. now owns 25,845,340 shares of the company’s stock worth $1,446,822,000 after purchasing an additional 1,963,963 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Coca-Cola by 2.5% in the 3rd quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock valued at $4,503,484,000 after purchasing an additional 1,950,146 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KO shares. Citigroup upped their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Evercore ISI boosted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Barclays increased their target price on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $68.27.

Insider Buying and Selling at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was 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 SEC, which is accessible through this link. In other news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated Monday, March 4th. The stock was 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. Insiders sold 323,107 shares of company stock valued at $19,657,742 in the last quarter. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 0.0 %

Shares of NYSE:KO opened at $62.14 on Monday. The stock has a market capitalization of $267.70 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The stock’s 50-day moving average price is $60.24 and its 200-day moving average price is $59.19. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.25.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the company earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.12%. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.