The Coca-Cola Company (NYSE:KO) Shares Sold by Denver PWM LLC

Denver PWM LLC cut its stake in shares of The Coca-Cola Company (NYSE:KO) by 26.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 577 shares of the company’s stock after selling 209 shares during the period. Denver PWM LLC’s holdings in Coca-Cola were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Group LLC raised its position in shares of Coca-Cola by 0.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after purchasing an additional 2,069 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Coca-Cola by 7,792.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company’s stock valued at $125,346,000 after purchasing an additional 1,722,202 shares in the last quarter. BayBridge Capital Group LLC raised its position in shares of Coca-Cola by 2.8% in the 3rd quarter. BayBridge Capital Group LLC now owns 21,951 shares of the company’s stock valued at $1,577,000 after purchasing an additional 590 shares in the last quarter. Parcion Private Wealth LLC raised its position in shares of Coca-Cola by 8.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 110,903 shares of the company’s stock valued at $7,970,000 after purchasing an additional 8,591 shares in the last quarter. Finally, BKM Wealth Management LLC raised its position in shares of Coca-Cola by 54.9% in the 3rd quarter. BKM Wealth Management LLC now owns 6,469 shares of the company’s stock valued at $465,000 after purchasing an additional 2,293 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of KO opened at $71.37 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a market cap of $307.46 billion, a P/E ratio of 28.90, a PEG ratio of 3.79 and a beta of 0.61. The stock has a fifty day moving average price of $63.71 and a 200 day moving average price of $66.42. 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 announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating 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, research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. Coca-Cola’s dividend payout ratio is currently 78.54%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KO. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. UBS Group upped their price target on Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Barclays upped their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.