World Equity Group Inc. Acquires 189 Shares of The Coca-Cola Company (NYSE:KO)

World Equity Group Inc. lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,983 shares of the company’s stock after acquiring an additional 189 shares during the quarter. World Equity Group Inc.’s holdings in Coca-Cola were worth $1,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its holdings in Coca-Cola by 0.5% in the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Coca-Cola by 7,792.8% in the third quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company’s stock worth $125,346,000 after purchasing an additional 1,722,202 shares in the last quarter. BayBridge Capital Group LLC increased its holdings in shares of Coca-Cola by 2.8% during the third quarter. BayBridge Capital Group LLC now owns 21,951 shares of the company’s stock valued at $1,577,000 after acquiring an additional 590 shares in the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Coca-Cola by 8.4% during the third quarter. Parcion Private Wealth LLC now owns 110,903 shares of the company’s stock valued at $7,970,000 after acquiring an additional 8,591 shares in the last quarter. Finally, BKM Wealth Management LLC increased its holdings in shares of Coca-Cola by 54.9% during the third quarter. BKM Wealth Management LLC now owns 6,469 shares of the company’s stock valued at $465,000 after acquiring an additional 2,293 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays raised their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Morgan Stanley raised their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.82.

Coca-Cola Stock Performance

NYSE:KO opened at $71.37 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The stock’s 50 day simple moving average is $63.71 and its two-hundred day simple moving average is $66.42. The company has a market cap of $307.46 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (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%. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share 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 issued a $0.51 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. Coca-Cola’s payout ratio is 78.54%.

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.