FourThought Financial Partners LLC Invests $428,000 in The Coca-Cola Company (NYSE:KO)

FourThought Financial Partners LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,870 shares of the company’s stock, valued at approximately $428,000.

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

Insider Transactions at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE:KO opened at $71.54 on Wednesday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm has a market cap of $308.16 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The business has a fifty day moving average of $64.03 and a 200-day moving average of $66.44.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data 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 return on equity of 45.37% and a net margin of 22.59%. On average, equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s payout ratio is presently 78.54%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group upped their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. DZ Bank upgraded 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. Morgan Stanley increased their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Company 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.