FFT Wealth Management LLC Purchases 672 Shares of The Coca-Cola Company (NYSE:KO)

FFT Wealth Management LLC grew its position in The Coca-Cola Company (NYSE:KO) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,988 shares of the company’s stock after purchasing an additional 672 shares during the quarter. FFT Wealth Management LLC’s holdings in Coca-Cola were worth $435,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. increased its position in Coca-Cola by 4.4% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 16,609 shares of the company’s stock worth $1,034,000 after buying an additional 704 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Coca-Cola by 23.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 281,818 shares of the company’s stock valued at $17,546,000 after acquiring an additional 53,385 shares in the last quarter. Vaughan David Investments LLC IL increased its position in Coca-Cola by 0.9% during the fourth quarter. Vaughan David Investments LLC IL now owns 637,276 shares of the company’s stock worth $39,677,000 after acquiring an additional 5,751 shares during the period. FourThought Financial Partners LLC acquired a new stake in Coca-Cola in the 4th quarter worth about $428,000. Finally, Brown Financial Advisors boosted its holdings in Coca-Cola by 10.4% in the 4th quarter. Brown Financial Advisors now owns 24,989 shares of the company’s stock valued at $1,556,000 after purchasing an additional 2,355 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Up 1.3 %

NYSE:KO opened at $71.54 on Wednesday. The firm’s 50 day simple moving average is $64.03 and its 200 day simple moving average is $66.44. The company has a market cap of $308.16 billion, a PE ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 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%. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, March 14th. Coca-Cola’s payout ratio is currently 78.54%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented 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. Barclays lifted their price objective on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Evercore ISI increased their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group increased their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.