The Coca-Cola Company (NYSE:KO) Holdings Raised by Slagle Financial LLC

Slagle Financial LLC raised its position in shares of The Coca-Cola Company (NYSE:KO) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,177 shares of the company’s stock after purchasing an additional 8,613 shares during the quarter. Coca-Cola accounts for 2.4% of Slagle Financial LLC’s portfolio, making the stock its 6th largest position. Slagle Financial LLC’s holdings in Coca-Cola were worth $5,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Howard Capital Management Group LLC increased its position in shares of Coca-Cola by 0.5% in the third 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. Cynosure Group LLC lifted its stake in Coca-Cola by 46.4% in the 3rd quarter. Cynosure Group LLC now owns 5,057 shares of the company’s stock valued at $363,000 after buying an additional 1,602 shares in the last quarter. First Commonwealth Financial Corp PA acquired a new stake in shares of Coca-Cola in the third quarter worth approximately $206,000. Providence Capital Advisors LLC boosted its stake in Coca-Cola by 0.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 44,169 shares of the company’s stock worth $3,174,000 after purchasing an additional 362 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Coca-Cola by 19.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194,849 shares of the company’s stock valued at $157,722,000 after acquiring an additional 364,526 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.1 %

Coca-Cola stock opened at $70.80 on Friday. The stock’s fifty day moving average is $67.62 and its two-hundred day moving average is $66.46. The stock has a market cap of $304.70 billion, a PE ratio of 28.66, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 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%. On average, sell-side analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.88%. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

Analyst Ratings Changes

A number of brokerages recently commented on KO. Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Piper Sandler increased their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Evercore ISI lifted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.24.

Insider Activity

In other news, EVP Lisa Chang sold 13,445 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 52,466 shares in the company, valued at approximately $3,749,745.02. This represents a 32.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 313,423 shares of company stock valued at $22,263,071. 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.