Fielder Capital Group LLC Makes New $670,000 Investment in The Coca-Cola Company (NYSE:KO)

Fielder Capital Group LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,373 shares of the company’s stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KO. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at $30,000. Financial Connections Group Inc. purchased a new stake in Coca-Cola during the 4th quarter valued at $38,000. Avion Wealth raised its stake in shares of Coca-Cola by 64.8% in the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after buying an additional 322 shares during the period. Finally, Clear Investment Research LLC grew its position in shares of Coca-Cola by 36.1% during the third quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock valued at $52,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.4 %

Shares of Coca-Cola stock traded up $0.27 during trading hours on Tuesday, reaching $62.62. 9,759,772 shares of the company were exchanged, compared to its average volume of 13,919,337. The firm has a market cap of $269.76 billion, a PE ratio of 25.00, a PEG ratio of 3.53 and a beta of 0.57. The stock’s fifty day moving average is $60.28 and its 200 day moving average is $59.25. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04.

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, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter 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. As a group, equities research analysts forecast 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. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola 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 document filed with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated 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 in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 323,107 shares of company stock valued at $19,657,742. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upped their price target 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. Evercore ISI lifted their target price on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. 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 research report on Wednesday, January 17th. Finally, UBS Group lifted their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.27.

Coca-Cola Company 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.