FourThought Financial LLC Acquires 742 Shares of The Coca-Cola Company (NYSE:KO)

FourThought Financial LLC raised its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,286 shares of the company’s stock after buying an additional 742 shares during the period. FourThought Financial LLC’s holdings in Coca-Cola were worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paragon Wealth Strategies LLC bought a new position in shares of Coca-Cola during the third quarter worth approximately $25,000. Exos TFP Holdings LLC bought a new position in shares of Coca-Cola during the third quarter worth approximately $27,000. Horizons Wealth Management bought a new position in shares of Coca-Cola during the second quarter worth approximately $34,000. Neo Ivy Capital Management bought a new position in shares of Coca-Cola during the third quarter worth approximately $31,000. Finally, Bellwether Advisors LLC increased its stake in shares of Coca-Cola by 32.4% during the third quarter. Bellwether Advisors LLC now owns 698 shares of the company’s stock worth $39,000 after purchasing an additional 171 shares during the period. Institutional investors own 68.74% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, SVP Nancy Quan sold 74,000 shares of Coca-Cola stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the transaction, the senior vice president now directly owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coca-Cola news, SVP Nancy Quan sold 74,000 shares of Coca-Cola stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the transaction, the senior vice president now directly owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 34,875 shares of Coca-Cola stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $60.32, for a total value of $2,103,660.00. Following the transaction, the chief executive officer now directly owns 351,737 shares in the company, valued at $21,216,775.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 282,268 shares of company stock valued at $17,137,823. 0.98% of the stock is currently owned by company insiders.

Coca-Cola Trading Up 0.5 %

NYSE KO opened at $60.30 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The Coca-Cola Company has a twelve month low of $54.01 and a twelve month high of $67.20. The company has a market cap of $260.88 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.46 and a beta of 0.53. The business’s fifty day moving average is $60.34 and its 200 day moving average is $60.42.

Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The company had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter last year, the business posted $0.45 EPS. Coca-Cola’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.6 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 17th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 3.05%. Coca-Cola’s payout ratio is presently 80.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Coca-Cola from $61.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Wells Fargo & Company lowered their price objective on Coca-Cola from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, February 15th. Royal Bank of Canada set a $69.00 price objective on Coca-Cola in a research note on Tuesday, February 14th. Finally, Morgan Stanley raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.70.

Coca-Cola Profile

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.