The Coca-Cola Company (NYSE:KO) Shares Purchased by Stone House Investment Management LLC

Stone House Investment Management LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 358.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,201 shares of the company’s stock after acquiring an additional 939 shares during the period. Stone House Investment Management LLC’s holdings in Coca-Cola were worth $71,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in shares of Coca-Cola by 103,297.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares in the last quarter. Norges Bank purchased a new stake in shares of Coca-Cola during the fourth quarter worth about $2,937,315,000. Morgan Stanley increased its stake in shares of Coca-Cola by 15.7% during the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after purchasing an additional 10,722,435 shares in the last quarter. Barclays PLC increased its stake in shares of Coca-Cola by 164.7% during the second quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock worth $868,981,000 after purchasing an additional 8,979,379 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Coca-Cola by 61.4% during the first quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock worth $667,373,000 after purchasing an additional 4,095,881 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock worth $22,795,742 in the last ninety days. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, Barclays boosted their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $67.18.

Coca-Cola Trading Up 0.7 %

NYSE:KO traded up $0.42 on Wednesday, hitting $58.48. The stock had a trading volume of 9,654,431 shares, compared to its average volume of 13,749,526. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The stock has a market cap of $252.12 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 3.30 and a beta of 0.59. The company has a fifty day moving average price of $59.97 and a two-hundred day moving average price of $58.52. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. Coca-Cola’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts expect that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.32%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is presently 78.23%.

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.