Unionview LLC Invests $285,000 in The Coca-Cola Company (NYSE:KO)

Unionview LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KOFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,844 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Freedom Wealth Alliance LLC bought a new stake in Coca-Cola in the 4th quarter valued at $25,000. Hibernia Wealth Partners LLC bought a new stake in Coca-Cola during the 3rd quarter worth about $25,000. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola during the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC bought a new stake in Coca-Cola during the 1st quarter worth about $31,000. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at $8,602,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,407 shares of company stock valued at $22,795,742. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO traded down $0.53 during trading hours on Tuesday, hitting $60.15. 12,838,232 shares of the stock were exchanged, compared to its average volume of 14,135,731. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market cap of $259.32 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. The company’s fifty day simple moving average is $60.13 and its two-hundred day simple moving average is $58.38. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.23%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Barclays boosted their price objective on shares of Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, Citigroup boosted their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

Read Our Latest Analysis on KO

Coca-Cola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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