Meeder Asset Management Inc. Has $324,000 Stake in The Coca-Cola Company (NYSE:KO)

Meeder Asset Management Inc. grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,501 shares of the company’s stock after acquiring an additional 696 shares during the period. Meeder Asset Management Inc.’s holdings in Coca-Cola were worth $324,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new position in shares of Coca-Cola during the third quarter valued at about $25,000. Freedom Wealth Alliance LLC bought a new position in Coca-Cola in the 4th quarter valued at about $25,000. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola during the 4th quarter worth approximately $30,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Coca-Cola in the first quarter worth approximately $31,000. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Nancy Quan sold 57,368 shares of the 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 in the company, valued at approximately $13,594,097.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders have sold a total of 375,407 shares of company stock worth $22,795,742 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.4 %

Shares of KO stock opened at $59.28 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a market cap of $255.57 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.37 and a beta of 0.59. The business has a 50-day moving average price of $60.15 and a two-hundred day moving average price of $58.43. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.27%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio is 78.23%.

Coca-Cola Company 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.