FourThought Financial Partners LLC Makes New $428,000 Investment in The Coca-Cola Company (NYSE:KO)

FourThought Financial Partners LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,870 shares of the company’s stock, valued at approximately $428,000.

A number of other large investors have also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at approximately $36,000. MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the 4th quarter valued at $37,000. Finally, MilWealth Group LLC bought a new stake in Coca-Cola in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KO. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Barclays raised their price target on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, UBS Group raised their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Insiders Place Their Bets

In other news, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Price Performance

Shares of KO opened at $71.54 on Wednesday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market capitalization of $308.16 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The business has a 50-day moving average of $64.03 and a 200-day moving average of $66.44.

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

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s payout ratio is presently 78.54%.

About Coca-Cola

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.