The Coca-Cola Company (NYSE:KO) Holdings Raised by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,330 shares of the company’s stock after acquiring an additional 370 shares during the period. Coca-Cola comprises approximately 1.7% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 11th largest holding. Butensky & Cohen Financial Security Inc.’s holdings in Coca-Cola were worth $4,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Paragon Wealth Strategies LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at approximately $25,000. Exos TFP Holdings LLC bought a new position in Coca-Cola during the 3rd quarter worth $27,000. Neo Ivy Capital Management bought a new position in Coca-Cola during the 3rd quarter worth $31,000. Horizons Wealth Management bought a new position in Coca-Cola during the 2nd quarter worth $34,000. Finally, Bellwether Advisors LLC grew its stake in Coca-Cola by 32.4% during the 3rd quarter. Bellwether Advisors LLC now owns 698 shares of the company’s stock worth $39,000 after buying an additional 171 shares during the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Coca-Cola in a research note on Thursday. They set a “buy” rating for the company. Citigroup assumed coverage on Coca-Cola in a research note on Thursday, February 16th. They set a “buy” rating and a $68.00 price objective for the company. Royal Bank of Canada set a $69.00 price objective on Coca-Cola in a research note on Tuesday, February 14th. Morgan Stanley upped their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Finally, Wells Fargo & Company reduced their price target on Coca-Cola from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 15th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.70.

Coca-Cola Stock Down 0.5 %

KO opened at $60.02 on Friday. The Coca-Cola Company has a one year low of $54.01 and a one year high of $67.20. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.93 and a current ratio of 1.15. The stock’s fifty day moving average is $60.27 and its 200-day moving average is $60.41. The company has a market capitalization of $259.66 billion, a PE ratio of 27.28, a P/E/G ratio of 3.47 and a beta of 0.53.

Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.92 billion. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities analysts predict that The Coca-Cola Company will post 2.6 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 17th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 16th. Coca-Cola’s payout ratio is presently 83.64%.

Insider Buying and Selling

In related news, SVP Nancy Quan sold 74,000 shares of Coca-Cola stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total value of $4,344,540.00. Following the transaction, the senior vice president now directly owns 219,790 shares in the company, valued at approximately $12,903,870.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO James Quincey sold 34,875 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $60.32, for a total value of $2,103,660.00. Following the completion of the sale, the chief executive officer now owns 351,737 shares of the company’s stock, valued at $21,216,775.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Quan sold 74,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total value of $4,344,540.00. Following the completion of the sale, the senior vice president now directly owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The disclosure for this sale can be found here. Insiders have sold 282,268 shares of company stock worth $17,137,823 in the last three months. 0.98% of the stock is currently owned by insiders.

Coca-Cola Profile

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.