BOK Financial Private Wealth Inc. Has $464,000 Stake in The Coca-Cola Company (NYSE:KO)

BOK Financial Private Wealth Inc. decreased its position in The Coca-Cola Company (NYSE:KO) by 17.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,450 shares of the company’s stock after selling 1,622 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Coca-Cola were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. M. Kulyk & Associates LLC lifted its position in Coca-Cola by 1.1% in the 4th quarter. M. Kulyk & Associates LLC now owns 27,438 shares of the company’s stock worth $1,708,000 after buying an additional 305 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Coca-Cola in the 4th quarter worth approximately $31,376,000. United Community Bank lifted its position in Coca-Cola by 3.4% in the 4th quarter. United Community Bank now owns 47,270 shares of the company’s stock worth $2,943,000 after buying an additional 1,570 shares in the last quarter. Personal CFO Solutions LLC lifted its position in Coca-Cola by 2.4% in the 4th quarter. Personal CFO Solutions LLC now owns 20,121 shares of the company’s stock worth $1,253,000 after buying an additional 477 shares in the last quarter. Finally, Amundi lifted its position in Coca-Cola by 3.1% in the 4th quarter. Amundi now owns 18,313,696 shares of the company’s stock worth $1,130,138,000 after buying an additional 550,582 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO opened at $71.52 on Monday. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The firm’s fifty day simple moving average is $65.36 and its 200 day simple moving average is $66.56. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $307.60 billion, a PE ratio of 28.96, a PEG ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO) last posted its quarterly 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%. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business 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 $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.85%. 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 (DPR) is currently 82.59%.

Insiders Place Their Bets

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares in the company, valued at $17,520,662.64. This trade represents a 18.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold 232,646 shares of company stock worth $16,515,469 in the last ninety days. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Evercore ISI raised their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company 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 report on Thursday, February 13th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.24.

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.