RPG Investment Advisory LLC Increases Position in The Coca-Cola Company (NYSE:KO)

RPG Investment Advisory LLC increased its stake in The Coca-Cola Company (NYSE:KO) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,042 shares of the company’s stock after purchasing an additional 938 shares during the quarter. RPG Investment Advisory LLC’s holdings in Coca-Cola were worth $5,917,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hara Capital LLC bought a new stake in shares of Coca-Cola in the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola during the 3rd quarter valued at $36,000. MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola during the 3rd quarter valued at $43,000. Retirement Wealth Solutions LLC bought a new stake in Coca-Cola during the 4th quarter valued at $37,000. Finally, MilWealth Group LLC bought a new stake in Coca-Cola during the 4th quarter valued at $40,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 1.9 %

Shares of NYSE:KO opened at $71.37 on Monday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a fifty day moving average of $63.71 and a 200 day moving average of $66.41. The firm has a market capitalization of $307.46 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

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 the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.86%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s dividend payout ratio is presently 78.54%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KO. Piper Sandler lowered their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. Royal Bank of Canada reissued an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Finally, UBS Group boosted their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

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.