The Coca-Cola Company (NYSE:KO) Shares Sold by Tsfg LLC

Tsfg LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,381 shares of the company’s stock after selling 1,017 shares during the period. Tsfg LLC’s holdings in Coca-Cola were worth $148,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its position in Coca-Cola by 9.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 87,195 shares of the company’s stock valued at $5,550,000 after buying an additional 7,594 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Coca-Cola by 2.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 209,513 shares of the company’s stock valued at $13,336,000 after acquiring an additional 5,903 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Coca-Cola during the 2nd quarter worth $65,000. Angeles Investment Advisors LLC increased its holdings in Coca-Cola by 3.0% in the 2nd quarter. Angeles Investment Advisors LLC now owns 18,913 shares of the company’s stock valued at $1,207,000 after purchasing an additional 543 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Coca-Cola by 9.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock valued at $233,000 after purchasing an additional 329 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KO. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Truist Financial lifted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company decreased their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lowered their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.60.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by insiders.

Coca-Cola Trading Up 1.0 %

NYSE:KO opened at $61.68 on Tuesday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a market cap of $265.70 billion, a PE ratio of 25.49, a P/E/G ratio of 3.83 and a beta of 0.61. The business’s 50 day moving average is $62.84 and its two-hundred day moving average is $66.48.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. Coca-Cola’s dividend payout ratio is currently 80.17%.

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.