Integras Partners LLC Buys Shares of 6,520 The Coca-Cola Company (NYSE:KO)

Integras Partners LLC purchased a new position in The Coca-Cola Company (NYSE:KO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,520 shares of the company’s stock, valued at approximately $406,000.

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola in the fourth quarter worth $31,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola in the fourth quarter worth $37,000. MilWealth Group LLC purchased a new position in Coca-Cola in the fourth quarter worth $40,000. MidAtlantic Capital Management Inc. purchased a new position in Coca-Cola in the third quarter worth $43,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Coca-Cola in the fourth quarter worth $43,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, COO Henrique Braun sold 25,277 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now directly owns 52,466 shares of the company’s stock, valued at $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the transaction, the insider now directly owns 246,909 shares of the company’s stock, valued at approximately $17,533,008.09. The trade was a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock valued at $22,263,071 over the last three months. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $74.24.

Coca-Cola Stock Performance

Coca-Cola stock opened at $69.59 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average of $66.03 and a 200-day moving average of $66.63. The firm has a market cap of $299.29 billion, a P/E ratio of 28.17, 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.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share 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%. Sell-side analysts expect that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, March 14th. Coca-Cola’s dividend payout ratio is presently 82.59%.

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.