Blue Fin Capital Inc. Cuts Position in The Coca-Cola Company (NYSE:KO)

Blue Fin Capital Inc. lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,922 shares of the company’s stock after selling 2,457 shares during the quarter. Blue Fin Capital Inc.’s holdings in Coca-Cola were worth $1,233,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KO. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Criterion Capital Advisors LLC bought a new position in Coca-Cola during the 4th quarter valued at $30,000. Financial Connections Group Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter valued at about $38,000. Avion Wealth grew its stake in Coca-Cola by 64.8% in the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after purchasing an additional 322 shares in the last quarter. Finally, Clear Investment Research LLC raised its stake in Coca-Cola by 36.1% during the third quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock valued at $52,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders sold a total of 323,107 shares of company stock valued at $19,657,742 over the last ninety days. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of several research analyst reports. Citigroup raised their price objective on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Evercore ISI raised their target price on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $68.27.

Coca-Cola Stock Up 0.3 %

Shares of NYSE KO traded up $0.18 during mid-day trading on Friday, reaching $62.17. The company had a trading volume of 11,628,675 shares, compared to its average volume of 13,782,690. The stock’s 50 day moving average is $60.24 and its 200-day moving average is $59.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.95 and a current ratio of 1.04. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.25. The stock has a market capitalization of $268.03 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.55 and a beta of 0.57.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.12%. Coca-Cola’s dividend payout ratio is 77.60%.

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.