Colony Family Offices LLC Has $325,000 Position in The Coca-Cola Company (NYSE:KO)

Colony Family Offices LLC cut its position in The Coca-Cola Company (NYSE:KO) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,219 shares of the company’s stock after selling 160 shares during the period. Colony Family Offices LLC’s holdings in Coca-Cola were worth $325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in Coca-Cola in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the 4th quarter valued at $37,000. MilWealth Group LLC acquired a new position in Coca-Cola in the 4th quarter worth $40,000. Finally, Hara Capital LLC increased its holdings in Coca-Cola by 43.7% during the 4th quarter. Hara Capital LLC now owns 691 shares of the company’s stock worth $43,000 after purchasing an additional 210 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the sale, the executive vice president now owns 94,676 shares of the company’s stock, valued at $6,769,334. This trade represents a 12.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,423 shares of company stock valued at $22,263,071. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.4 %

Shares of Coca-Cola stock opened at $68.97 on Tuesday. The company’s 50-day moving average price is $67.15 and its 200-day moving average price is $66.42. The company has a market cap of $296.81 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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 analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.51 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. Coca-Cola’s dividend payout ratio is 82.59%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KO shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average 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.