Parcion Private Wealth LLC Has $5.87 Million Position in The Coca-Cola Company (NYSE:KO)

Parcion Private Wealth LLC raised its position in shares of The Coca-Cola Company (NYSE:KOFree Report) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,647 shares of the company’s stock after purchasing an additional 13,187 shares during the quarter. Parcion Private Wealth LLC’s holdings in Coca-Cola were worth $5,872,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KO. Moneta Group Investment Advisors LLC raised its stake in Coca-Cola by 103,297.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Norges Bank acquired a new position in shares of Coca-Cola in the fourth quarter worth $2,937,315,000. Morgan Stanley increased its stake in shares of Coca-Cola by 15.7% in the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after acquiring an additional 10,722,435 shares during the last quarter. Barclays PLC increased its stake in shares of Coca-Cola by 164.7% in the second quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after acquiring an additional 8,979,379 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Coca-Cola by 61.4% in the first quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock worth $667,373,000 after acquiring an additional 4,095,881 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Down 0.9 %

Shares of NYSE:KO opened at $60.15 on Wednesday. The stock has a market capitalization of $259.32 billion, a PE ratio of 24.25, a P/E/G ratio of 3.44 and a beta of 0.59. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99. The firm has a fifty day moving average price of $60.13 and a 200 day moving average price of $58.39. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KOGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Coca-Cola’s revenue for the quarter was up 6.9% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.23%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s dividend payout ratio is 78.23%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated 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 owns 223,330 shares in the company, valued at $13,594,097.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated 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. Insiders sold 375,407 shares of company stock worth $22,795,742 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KO shares. Barclays upped their price target on shares of Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. 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 note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

View Our Latest Analysis on Coca-Cola

Coca-Cola Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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