The Coca-Cola Company (NYSE:KO) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 5.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 97,417 shares of the company’s stock after acquiring an additional 4,962 shares during the period. Coca-Cola makes up about 0.7% of Hilltop Holdings Inc.’s portfolio, making the stock its 24th largest holding. Hilltop Holdings Inc.’s holdings in Coca-Cola were worth $5,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Patrick M Sweeney & Associates Inc. purchased a new position in Coca-Cola in the 4th quarter valued at about $410,000. Beacon Pointe Advisors LLC boosted its stake in shares of Coca-Cola by 24.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock worth $26,549,000 after acquiring an additional 89,139 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Coca-Cola by 12.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock valued at $2,354,000 after purchasing an additional 4,527 shares during the last quarter. Birchcreek Wealth Management LLC lifted its holdings in Coca-Cola by 12.6% in the 4th quarter. Birchcreek Wealth Management LLC now owns 4,539 shares of the company’s stock valued at $267,000 after purchasing an additional 507 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Coca-Cola by 10.3% during the third quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock worth $3,435,000 after buying an additional 5,707 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Argus boosted 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 boosted their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. UBS Group increased their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.58.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction 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 owns 223,330 shares of the company’s stock, 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 other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The stock was 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,389 shares of company stock worth $12,322,179. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.1 %

Coca-Cola stock traded down $0.09 during trading on Friday, hitting $62.00. The company had a trading volume of 8,203,136 shares, compared to its average volume of 11,042,451. The stock has a market cap of $267.09 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $63.76. The company’s 50 day simple moving average is $61.08 and its 200-day simple moving average is $59.92.

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

Coca-Cola Announces Dividend

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 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s 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.