GHP Investment Advisors Inc. Has $602,000 Stock Position in The Coca-Cola Company (NYSE:KO)

GHP Investment Advisors Inc. reduced its stake in shares of The Coca-Cola Company (NYSE:KO) by 7.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,212 shares of the company’s stock after selling 810 shares during the period. GHP Investment Advisors Inc.’s holdings in Coca-Cola were worth $602,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. West Bancorporation Inc. acquired a new stake in Coca-Cola during the 4th quarter worth approximately $221,000. GW Henssler & Associates Ltd. grew its stake in shares of Coca-Cola by 1.8% during the 4th quarter. GW Henssler & Associates Ltd. now owns 329,503 shares of the company’s stock worth $19,418,000 after acquiring an additional 5,982 shares in the last quarter. Eagle Strategies LLC grew its stake in shares of Coca-Cola by 2.4% during the 4th quarter. Eagle Strategies LLC now owns 13,040 shares of the company’s stock worth $768,000 after acquiring an additional 306 shares in the last quarter. Cherry Creek Investment Advisors Inc. grew its stake in shares of Coca-Cola by 1.5% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 47,167 shares of the company’s stock valued at $2,780,000 after buying an additional 714 shares in the last quarter. Finally, Liberty One Investment Management LLC grew its stake in shares of Coca-Cola by 4.0% in the fourth quarter. Liberty One Investment Management LLC now owns 428,939 shares of the company’s stock valued at $25,277,000 after buying an additional 16,410 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on KO. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Barclays raised their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.18.

Insider Transactions at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction 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 sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 57,368 shares of the business’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Down 1.3 %

KO stock opened at $58.28 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The company has a fifty day moving average price of $60.05 and a two-hundred day moving average price of $58.46. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The stock has a market cap of $251.26 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

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

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is currently 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.