Oarsman Capital Inc. Sells 299 Shares of The Coca-Cola Company (NYSE:KO)

Oarsman Capital Inc. trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,351 shares of the company’s stock after selling 299 shares during the quarter. Oarsman Capital Inc.’s holdings in Coca-Cola were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after buying an additional 2,069 shares in the last quarter. Morse Asset Management Inc boosted its stake in Coca-Cola by 25.0% in the third quarter. Morse Asset Management Inc now owns 17,500 shares of the company’s stock valued at $1,258,000 after acquiring an additional 3,500 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Coca-Cola by 135.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 154,488 shares of the company’s stock worth $11,102,000 after purchasing an additional 88,929 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Coca-Cola by 12.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 48,050 shares of the company’s stock valued at $3,453,000 after purchasing an additional 5,223 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Coca-Cola by 22.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 120,702 shares of the company’s stock worth $8,674,000 after purchasing an additional 22,515 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KO. Evercore ISI raised their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Barclays restated an “overweight” rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Insider Transactions at Coca-Cola

In other news, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. The trade was a 32.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa Chang sold 13,445 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the transaction, the executive vice president now owns 94,676 shares in the company, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,423 shares of company stock valued at $22,263,071. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

NYSE KO opened at $69.87 on Friday. The stock has a market capitalization of $300.67 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.79 and a beta of 0.45. The stock has a 50-day moving average of $68.72 and a 200 day moving average of $66.42. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.95.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Sell-side analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Coca-Cola’s dividend payout ratio is 82.59%.

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.