May Hill Capital LLC lifted its holdings in CocaCola Company (The) (NYSE:KO – Free Report) by 126.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,610 shares of the company’s stock after purchasing an additional 7,045 shares during the period. May Hill Capital LLC’s holdings in CocaCola were worth $882,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of KO. Anfield Capital Management LLC lifted its position in shares of CocaCola by 438.8% in the 4th quarter. Anfield Capital Management LLC now owns 361 shares of the company’s stock worth $25,000 after purchasing an additional 294 shares during the period. Headlands Technologies LLC purchased a new stake in shares of CocaCola in the 2nd quarter worth approximately $26,000. Cloud Capital Management LLC purchased a new stake in shares of CocaCola in the 3rd quarter worth approximately $27,000. Daytona Street Capital LLC purchased a new stake in shares of CocaCola in the 4th quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of CocaCola in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
CocaCola Trading Up 0.5%
NYSE:KO opened at $80.86 on Friday. CocaCola Company has a 52 week low of $65.35 and a 52 week high of $82.00. The firm has a 50 day moving average of $77.00 and a 200 day moving average of $74.23. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $347.92 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.23 and a beta of 0.35.
CocaCola Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. CocaCola’s dividend payout ratio is presently 66.67%.
Insider Buying and Selling at CocaCola
In other CocaCola news, EVP Nancy Quan sold 23,556 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $79.50, for a total transaction of $1,872,702.00. Following the transaction, the executive vice president owned 223,330 shares in the company, valued at approximately $17,754,735. This represents a 9.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Murphy sold 99,437 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $80.42, for a total transaction of $7,996,723.54. Following the transaction, the chief financial officer owned 410,550 shares in the company, valued at $33,016,431. The trade was a 19.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 755,101 shares of company stock worth $59,988,566 in the last three months. 0.90% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
KO has been the subject of several research reports. UBS Group upped their price target on shares of CocaCola from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Truist Financial set a $85.00 price target on shares of CocaCola in a research report on Wednesday, February 11th. Morgan Stanley set a $88.00 target price on shares of CocaCola in a research report on Wednesday, March 11th. Barclays increased their target price on shares of CocaCola from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of CocaCola from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CocaCola presently has a consensus rating of “Buy” and a consensus target price of $86.27.
View Our Latest Research Report on CocaCola
CocaCola Profile
The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.
Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.
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