Shufro Rose & Co. LLC Increases Stake in The Coca-Cola Company (NYSE:KO)

Shufro Rose & Co. LLC boosted its stake in The Coca-Cola Company (NYSE:KO) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the company’s stock after purchasing an additional 400 shares during the period. Shufro Rose & Co. LLC’s holdings in Coca-Cola were worth $417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in Coca-Cola in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $38,000. Hoey Investments Inc. increased its stake in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after buying an additional 181 shares during the period. Finally, MilWealth Group LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $40,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John Murphy sold 88,658 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total value of $6,391,355.22. Following the sale, the chief financial officer now directly owns 205,511 shares in the company, valued at $14,815,287.99. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 443,349 shares of company stock valued at $31,645,324. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.9%

NYSE:KO opened at $71.81 on Monday. The firm’s 50-day moving average price is $71.09 and its 200-day moving average price is $67.03. The company has a market capitalization of $309.09 billion, a PE ratio of 29.07, a P/E/G ratio of 3.79 and a beta of 0.47. 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 $60.62 and a 1-year high of $74.38.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. Coca-Cola’s dividend payout ratio is currently 81.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KO shares. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Evercore ISI boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Wells Fargo & Company raised their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $75.81.

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.