Personal CFO Solutions LLC Acquires 477 Shares of The Coca-Cola Company (NYSE:KO)

Personal CFO Solutions LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,121 shares of the company’s stock after purchasing an additional 477 shares during the quarter. Personal CFO Solutions LLC’s holdings in Coca-Cola were worth $1,253,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Amundi increased its holdings in Coca-Cola by 3.1% in the fourth quarter. Amundi now owns 18,313,696 shares of the company’s stock worth $1,130,138,000 after purchasing an additional 550,582 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Coca-Cola by 9.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 32,783 shares of the company’s stock worth $2,041,000 after purchasing an additional 2,792 shares in the last quarter. Naviter Wealth LLC increased its holdings in Coca-Cola by 27.3% in the fourth quarter. Naviter Wealth LLC now owns 48,405 shares of the company’s stock worth $3,014,000 after purchasing an additional 10,389 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its holdings in Coca-Cola by 0.4% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 176,462 shares of the company’s stock worth $10,987,000 after purchasing an additional 680 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in Coca-Cola in the fourth quarter worth approximately $73,000. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 54,708 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now owns 246,909 shares of the company’s stock, valued at $17,520,662.64. This represents a 18.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 145,435 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.01, for a total value of $10,327,339.35. Following the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at $24,324,191.46. This represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 232,646 shares of company stock valued at $16,515,469. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 1.5 %

KO stock opened at $71.52 on Friday. The stock’s fifty day simple moving average is $65.36 and its two-hundred day simple moving average is $66.58. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The stock has a market cap of $307.60 billion, a P/E ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.85%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s payout ratio is currently 82.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Piper Sandler boosted their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola 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.