Telos Capital Management Inc. Has $1.08 Million Position in The Coca-Cola Company (NYSE:KO)

Telos Capital Management Inc. increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 14.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,316 shares of the company’s stock after acquiring an additional 2,255 shares during the period. Telos Capital Management Inc.’s holdings in Coca-Cola were worth $1,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Freedom Wealth Alliance LLC bought a new stake in Coca-Cola during the fourth quarter worth about $25,000. Hibernia Wealth Partners LLC bought a new stake in Coca-Cola during the third quarter worth about $25,000. ZRC Wealth Management LLC raised its holdings in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola during the fourth quarter worth about $30,000. Finally, KB Financial Partners LLC bought a new stake in Coca-Cola during the first quarter worth about $31,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KO shares. JPMorgan Chase & Co. upped their target price on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Citigroup upped their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Barclays upped their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.18.

Insider Activity

In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Quincey sold 247,188 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Coca-Cola stock opened at $58.51 on Thursday. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99. The stock’s 50 day moving average is $59.94 and its 200-day moving average is $58.52. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $252.25 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 3.29 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.32%. Coca-Cola’s dividend payout ratio is presently 78.23%.

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.