Sivia Capital Partners LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,107 shares of the company’s stock after purchasing an additional 426 shares during the period. Sivia Capital Partners LLC’s holdings in Coca-Cola were worth $505,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP purchased a new stake in Coca-Cola in the 2nd quarter valued at about $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Coca-Cola during the third quarter valued at approximately $36,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $43,000. Finally, ORG Wealth Partners LLC purchased a new position in Coca-Cola in the third quarter valued at about $58,000. 70.26% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Trading Up 1.1 %
Shares of NYSE:KO traded up $0.65 during trading on Monday, reaching $61.72. 10,483,080 shares of the company traded hands, compared to its average volume of 15,133,796. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The business’s fifty day moving average is $62.91 and its 200-day moving average is $66.50. The firm has a market capitalization of $265.88 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 3.83 and a beta of 0.61.
Coca-Cola Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is currently 80.17%.
Insider Buying and Selling at Coca-Cola
In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.97% of the company’s stock.
Analyst Upgrades and Downgrades
KO has been the topic of a number of recent research reports. Barclays dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Morgan Stanley cut their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.60.
Read Our Latest Stock Report on KO
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.
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