Investors Asset Management of Georgia Inc. GA ADV Raises Holdings in The Coca-Cola Company (NYSE:KO)

Investors Asset Management of Georgia Inc. GA ADV raised its position in The Coca-Cola Company (NYSE:KO) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,508 shares of the company’s stock after purchasing an additional 620 shares during the period. Coca-Cola accounts for approximately 1.1% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 22nd biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Coca-Cola were worth $2,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Freedom Wealth Alliance LLC purchased a new stake in shares of Coca-Cola in the 4th quarter valued at $25,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Coca-Cola during the 3rd quarter worth $25,000. ZRC Wealth Management LLC lifted its position in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Coca-Cola during the fourth quarter worth $30,000. Finally, KB Financial Partners LLC purchased a new position in Coca-Cola in the first quarter valued at $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KO shares. Citigroup upped their price objective on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays upped their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a report 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.18.

Coca-Cola Trading Up 0.4 %

Coca-Cola stock traded up $0.25 during trading on Thursday, reaching $58.76. The company had a trading volume of 5,236,712 shares, compared to its average volume of 13,700,240. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The stock’s 50 day moving average price is $59.94 and its two-hundred day moving average price is $58.52. The firm has a market capitalization of $253.33 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 3.29 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities analysts expect that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio is currently 78.23%.

Insider Buying and Selling at Coca-Cola

In other news, 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 value of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $1,102,114.91. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock valued at $22,795,742 over the last three months. 0.97% of the stock is owned by company insiders.

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.