Snowden Capital Advisors LLC Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Snowden Capital Advisors LLC lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,499 shares of the company’s stock after buying an additional 1,256 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Coca-Cola were worth $5,323,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Siemens Fonds Invest GmbH lifted its stake in shares of Coca-Cola by 63.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 198,579 shares of the company’s stock valued at $12,364,000 after buying an additional 77,191 shares in the last quarter. Semper Augustus Investments Group LLC increased its holdings in Coca-Cola by 1.2% during the 4th quarter. Semper Augustus Investments Group LLC now owns 22,273 shares of the company’s stock worth $1,387,000 after acquiring an additional 273 shares during the period. SGL Investment Advisors Inc. increased its holdings in Coca-Cola by 19.8% during the 4th quarter. SGL Investment Advisors Inc. now owns 5,243 shares of the company’s stock worth $360,000 after acquiring an additional 865 shares during the period. Rafferty Asset Management LLC increased its holdings in Coca-Cola by 12.4% during the 4th quarter. Rafferty Asset Management LLC now owns 336,524 shares of the company’s stock worth $20,952,000 after acquiring an additional 37,126 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in Coca-Cola during the 4th quarter worth approximately $2,810,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 462,407 shares of company stock valued at $32,990,056. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. DZ Bank raised 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 Thursday, February 13th. Cfra Research raised shares of Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Royal Bank of Canada increased their price target on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Evercore ISI increased their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Buy” and an average price target of $75.59.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $72.01 on Friday. The firm has a market cap of $309.93 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. 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 company’s fifty day simple moving average is $70.88 and its two-hundred day simple moving average is $66.76.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period last year, the company posted $0.72 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. Coca-Cola’s dividend payout ratio is 81.60%.

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.