Acorns Advisers LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

Acorns Advisers LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,484 shares of the company’s stock after acquiring an additional 1,171 shares during the quarter. Acorns Advisers LLC’s holdings in Coca-Cola were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KO. Finward Bancorp purchased a new position in shares of Coca-Cola in the 4th quarter valued at $947,000. Jump Financial LLC raised its position in Coca-Cola by 993.3% in the fourth quarter. Jump Financial LLC now owns 259,772 shares of the company’s stock valued at $16,173,000 after purchasing an additional 236,012 shares during the period. Anchor Investment Management LLC lifted its stake in shares of Coca-Cola by 2.2% during the fourth quarter. Anchor Investment Management LLC now owns 121,720 shares of the company’s stock worth $7,578,000 after purchasing an additional 2,573 shares in the last quarter. CacheTech Inc. boosted its position in shares of Coca-Cola by 25.2% in the fourth quarter. CacheTech Inc. now owns 12,072 shares of the company’s stock worth $751,000 after buying an additional 2,429 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $418,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Barclays reissued an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Piper Sandler raised their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Wells Fargo & Company boosted 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. Finally, Jefferies Financial Group upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. 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 stock. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $74.24.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 145,435 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,423 shares of company stock valued at $22,263,071 over the last three months. Company insiders own 0.90% of the company’s stock.

Coca-Cola Stock Down 0.8 %

Shares of NYSE:KO opened at $71.89 on Wednesday. The company’s fifty day moving average is $69.96 and its two-hundred day moving average is $66.36. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.95. The stock has a market capitalization of $309.37 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO) last issued 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 net margin of 22.59% and a return on equity of 45.37%. Equities analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, March 14th. Coca-Cola’s dividend payout ratio is presently 82.59%.

Coca-Cola 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.