3,764 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co bought a new stake in The Coca-Cola Company (NYSE:KO – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,764 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds have also made changes to their positions in the company. Paragon Wealth Strategies LLC purchased a new stake in Coca-Cola in the third quarter valued at $25,000. Exos TFP Holdings LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at about $27,000. Neo Ivy Capital Management acquired a new position in Coca-Cola in the third quarter valued at about $31,000. Horizons Wealth Management acquired a new stake in shares of Coca-Cola during the second quarter valued at about $34,000. Finally, Bellwether Advisors LLC raised its stake in shares of Coca-Cola by 32.4% in the 3rd quarter. Bellwether Advisors LLC now owns 698 shares of the company’s stock valued at $39,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Coca-Cola Stock Down 0.5 %

Coca-Cola stock traded down $0.28 during mid-day trading on Friday, hitting $60.02. The company had a trading volume of 27,351,227 shares, compared to its average volume of 14,212,403. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $67.20. The business has a fifty day moving average of $60.27 and a 200 day moving average of $60.41. The stock has a market cap of $259.66 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.47 and a beta of 0.53.

Coca-Cola (NYSE:KO – Get Rating) last posted its earnings results on Tuesday, February 14th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Coca-Cola had a net margin of 22.19% and a return on equity of 42.35%. The firm had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the firm posted $0.45 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that The Coca-Cola Company will post 2.6 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 17th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, March 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.44. Coca-Cola’s payout ratio is 83.64%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KO. Morgan Stanley upped their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Wells Fargo & Company dropped their target price on Coca-Cola from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. StockNews.com initiated coverage on shares of Coca-Cola in a research report on Thursday. They set a “buy” rating on the stock. UBS Group lifted their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, February 13th. Finally, Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a report on Tuesday, February 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.70.

Insider Activity

In related news, CEO James Quincey sold 46,421 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $60.50, for a total transaction of $2,808,470.50. Following the transaction, the chief executive officer now owns 592,546 shares in the company, valued at approximately $35,849,033. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, SVP Nancy Quan sold 74,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the completion of the sale, the senior vice president now directly owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 46,421 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $60.50, for a total value of $2,808,470.50. Following the completion of the transaction, the chief executive officer now directly owns 592,546 shares in the company, valued at approximately $35,849,033. The disclosure for this sale can be found here. In the last three months, insiders sold 282,268 shares of company stock valued at $17,137,823. Insiders own 0.98% of the company’s stock.

Coca-Cola Company Profile

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.