The Coca-Cola Company (NYSE:KO) is Rowlandmiller & PARTNERS.ADV’s 8th Largest Position

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,151 shares of the company’s stock after selling 2,526 shares during the period. Coca-Cola accounts for 2.8% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 8th largest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Coca-Cola were worth $13,395,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hara Capital LLC bought a new stake in Coca-Cola during the third quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola during the third quarter worth about $36,000. MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola during the 3rd quarter valued at approximately $43,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola in the 4th quarter worth approximately $37,000. Finally, MilWealth Group LLC bought a new position in Coca-Cola in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.9 %

NYSE KO opened at $71.37 on Monday. 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 Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm has a market capitalization of $307.46 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.61. The company has a fifty day moving average of $63.71 and a two-hundred day moving average of $66.41.

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

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 2.86%. Coca-Cola’s dividend payout ratio is currently 78.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective 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. Barclays lifted their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. 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. UBS Group raised their price objective on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $73.82.

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.