Rothschild Investment LLC Sells 1,219 Shares of The Coca-Cola Company (NYSE:KO)

Rothschild Investment LLC reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,981 shares of the company’s stock after selling 1,219 shares during the quarter. Rothschild Investment LLC’s holdings in Coca-Cola were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC grew its holdings in Coca-Cola by 7.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 140,437 shares of the company’s stock worth $8,744,000 after acquiring an additional 9,243 shares during the period. IFP Advisors Inc boosted its position in shares of Coca-Cola by 31.2% in the 4th quarter. IFP Advisors Inc now owns 62,517 shares of the company’s stock worth $3,892,000 after purchasing an additional 14,872 shares during the last quarter. RPG Investment Advisory LLC grew its stake in shares of Coca-Cola by 1.0% during the fourth quarter. RPG Investment Advisory LLC now owns 95,042 shares of the company’s stock worth $5,917,000 after purchasing an additional 938 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in Coca-Cola by 68.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 87,648 shares of the company’s stock valued at $5,457,000 after purchasing an additional 35,736 shares during the last quarter. Finally, Partners Wealth Management LLC bought a new stake in Coca-Cola in the fourth quarter valued at about $673,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of KO opened at $70.58 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market capitalization of $304.04 billion, a P/E ratio of 28.57, a P/E/G ratio of 3.79 and a beta of 0.61. The company has a 50 day moving average of $63.87 and a 200-day moving average of $66.42.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio is presently 78.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KO shares. UBS Group boosted their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $73.82.

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.