Jackson Hole Capital Partners LLC Sells 1,110 Shares of The Coca-Cola Company (NYSE:KO)

Jackson Hole Capital Partners LLC decreased its stake in The Coca-Cola Company (NYSE:KO) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,641 shares of the company’s stock after selling 1,110 shares during the period. Coca-Cola comprises about 1.0% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 25th biggest position. Jackson Hole Capital Partners LLC’s holdings in Coca-Cola were worth $4,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in KO. OFI Invest Asset Management bought a new position in shares of Coca-Cola during the 4th quarter valued at $31,376,000. United Community Bank grew its holdings in shares of Coca-Cola by 3.4% during the 4th quarter. United Community Bank now owns 47,270 shares of the company’s stock valued at $2,943,000 after purchasing an additional 1,570 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Coca-Cola by 2.4% during the 4th quarter. Personal CFO Solutions LLC now owns 20,121 shares of the company’s stock valued at $1,253,000 after purchasing an additional 477 shares during the last quarter. Amundi grew its holdings in shares of Coca-Cola by 3.1% during the 4th quarter. Amundi now owns 18,313,696 shares of the company’s stock valued at $1,130,138,000 after purchasing an additional 550,582 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Coca-Cola by 9.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 32,783 shares of the company’s stock valued at $2,041,000 after purchasing an additional 2,792 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 1.5 %

NYSE:KO opened at $71.52 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The stock has a market cap of $307.60 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a 50-day moving average price of $65.36 and a 200-day moving average price of $66.58. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. Equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. This is a boost 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 dividend payout ratio (DPR) is 82.59%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price 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. Wells Fargo & Company raised their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Evercore ISI raised 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. Finally, DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Insider Activity at Coca-Cola

In other Coca-Cola news, 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 value of $1,344,732.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares of the company’s stock, valued at $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 232,646 shares of company stock valued at $16,515,469 in the last three months. Company insiders own 0.97% of the company’s stock.

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.