SageView Advisory Group LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

SageView Advisory Group LLC boosted its position in The Coca-Cola Company (NYSE:KOFree Report) by 39.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,977 shares of the company’s stock after purchasing an additional 9,623 shares during the period. SageView Advisory Group LLC’s holdings in Coca-Cola were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% during 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. Tidemark LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth about $26,000. Private Wealth Management Group LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth about $27,000. Criterion Capital Advisors LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth about $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth about $31,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a filing with the SEC, which is available at this link. In other Coca-Cola 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 transaction of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares in the company, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,389 shares of company stock worth $12,322,179. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

Shares of KO traded down $0.02 during mid-day trading on Friday, hitting $62.07. The company’s stock had a trading volume of 3,345,069 shares, compared to its average volume of 13,333,961. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $63.76. The firm has a 50-day moving average price of $61.03 and a 200 day moving average price of $59.84. The stock has a market capitalization of $267.40 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.58 and a beta of 0.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KOGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio is 77.60%.

Wall Street Analysts Forecast Growth

KO has been the subject of several research analyst reports. Argus upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. UBS Group increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI increased their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.58.

Check Out Our Latest Stock Analysis on KO

About Coca-Cola

(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

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

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