The Coca-Cola Company (NYSE:KO) Holdings Raised by Fiduciary Alliance LLC

Fiduciary Alliance LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 87.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,189 shares of the company’s stock after acquiring an additional 8,499 shares during the period. Fiduciary Alliance LLC’s holdings in Coca-Cola were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clark & Stuart Inc acquired a new position in Coca-Cola in the 4th quarter worth about $1,582,000. Czech National Bank increased its holdings in Coca-Cola by 6.4% in the fourth quarter. Czech National Bank now owns 841,119 shares of the company’s stock worth $52,368,000 after buying an additional 50,950 shares during the last quarter. Graypoint LLC raised its position in Coca-Cola by 7.7% during the fourth quarter. Graypoint LLC now owns 39,752 shares of the company’s stock valued at $2,475,000 after acquiring an additional 2,842 shares in the last quarter. Atlas Brown Inc. lifted its stake in Coca-Cola by 0.8% in the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company’s stock valued at $1,309,000 after acquiring an additional 166 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position in Coca-Cola by 10.7% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 19,786 shares of the company’s stock worth $1,232,000 after acquiring an additional 1,911 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of KO stock opened at $61.68 on Tuesday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a market capitalization of $265.70 billion, a P/E ratio of 25.49, a P/E/G ratio of 3.83 and a beta of 0.61. The stock has a 50 day moving average of $62.84 and a two-hundred day moving average of $66.48. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Friday, November 29th. Coca-Cola’s payout ratio is 80.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KO shares. Truist Financial lifted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays decreased their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, Piper Sandler started coverage on shares of Coca-Cola in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price objective for the company. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.60.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

About Coca-Cola

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.