The Coca-Cola Company (NYSE:KO) Stock Holdings Lowered by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 408,406 shares of the company’s stock after selling 21,053 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Coca-Cola were worth $25,427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its holdings in Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after buying an additional 2,069 shares during the period. Fred Alger Management LLC raised its holdings in shares of Coca-Cola by 2.9% during the third quarter. Fred Alger Management LLC now owns 105,013 shares of the company’s stock valued at $7,546,000 after acquiring an additional 2,935 shares during the period. Circle Wealth Management LLC lifted its position in shares of Coca-Cola by 5.8% in the 3rd quarter. Circle Wealth Management LLC now owns 6,137 shares of the company’s stock valued at $441,000 after acquiring an additional 337 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Coca-Cola by 15.6% in the 3rd quarter. Acropolis Investment Management LLC now owns 6,654 shares of the company’s stock worth $478,000 after purchasing an additional 898 shares during the period. Finally, Edgestream Partners L.P. grew its position in Coca-Cola by 208.4% during the 3rd quarter. Edgestream Partners L.P. now owns 37,645 shares of the company’s stock worth $2,705,000 after purchasing an additional 25,440 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $70.36 on Monday. 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 stock has a market capitalization of $302.80 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.79 and a beta of 0.57. The business has a 50-day moving average of $67.77 and a two-hundred day moving average of $66.38. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53.

Coca-Cola (NYSE:KO) last announced its earnings results 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%. On average, equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio (DPR) is 82.59%.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 54,708 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares in the company, valued at $17,520,662.64. This represents a 18.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lisa Chang sold 13,445 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the sale, the executive vice president now owns 94,676 shares in the company, valued at $6,769,334. This represents a 12.44 % 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 in the last quarter. Insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of several recent analyst reports. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. UBS Group lifted their target price on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. 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. Finally, Piper Sandler upped their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $74.24.

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.