The Coca-Cola Company (NYSE:KO) Shares Purchased by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 27.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 937 shares of the company’s stock after acquiring an additional 203 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Coca-Cola were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KO. Hibernia Wealth Partners LLC acquired a new stake in Coca-Cola during the 3rd quarter worth about $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $25,000. ZRC Wealth Management LLC lifted its holdings in shares of 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 buying an additional 320 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $30,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Coca-Cola during the 1st quarter valued at about $31,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Performance

Shares of NYSE KO 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 business’s 50 day moving average is $60.15 and its two-hundred day moving average is $58.43. The company has a market cap of $255.57 billion, a P/E ratio of 23.90, a P/E/G ratio of 3.37 and a beta of 0.59. 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 quarterly earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. On average, equities analysts expect that The Coca-Cola Company will post 2.81 EPS for the current 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 given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.27%. Coca-Cola’s payout ratio is currently 78.23%.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO James Quincey sold 247,188 shares of the business’s 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 sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO James Quincey sold 247,188 shares of the business’s 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 sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,407 shares of company stock worth $22,795,742. Company insiders own 0.97% of the company’s stock.

About Coca-Cola

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.