Stolper Co Grows Position in The Coca-Cola Company (NYSE:KO)

Stolper Co grew its stake in The Coca-Cola Company (NYSE:KOFree Report) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,470 shares of the company’s stock after acquiring an additional 187 shares during the quarter. Coca-Cola comprises approximately 2.3% of Stolper Co’s portfolio, making the stock its 17th biggest holding. Stolper Co’s holdings in Coca-Cola were worth $5,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Hibernia Wealth Partners LLC purchased a new position in shares of Coca-Cola during the 3rd quarter worth $25,000. Freedom Wealth Alliance LLC purchased a new position in Coca-Cola during the fourth quarter worth about $25,000. Fortis Capital Advisors LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $30,000. KB Financial Partners LLC purchased a new stake in Coca-Cola in the first quarter valued at approximately $31,000. Finally, VitalStone Financial LLC increased its position in Coca-Cola by 46.5% during the second quarter. VitalStone Financial LLC now owns 545 shares of the company’s stock worth $34,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 68.96% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 247,188 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several research reports. Barclays boosted their price objective on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price target on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Citigroup lifted their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.00.

View Our Latest Stock Analysis on Coca-Cola

Coca-Cola Price Performance

KO stock opened at $60.49 on Friday. The stock’s 50 day moving average is $60.02 and its two-hundred day moving average is $58.28. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The company has a market capitalization of $260.78 billion, a PE ratio of 24.39, a P/E/G ratio of 3.43 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KOGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.485 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.21%. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Coca-Cola Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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