MONECO Advisors LLC Raises Position in The Coca-Cola Company (NYSE:KO)

MONECO Advisors LLC boosted its holdings in The Coca-Cola Company (NYSE:KOGet Rating) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,910 shares of the company’s stock after buying an additional 762 shares during the period. MONECO Advisors LLC’s holdings in Coca-Cola were worth $672,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Coca-Cola by 120.1% during the 4th quarter. Nordea Investment Management AB now owns 23,263,360 shares of the company’s stock valued at $1,365,443,000 after buying an additional 12,694,169 shares in the last quarter. Geode Capital Management LLC grew its holdings in Coca-Cola by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 67,408,461 shares of the company’s stock valued at $3,528,415,000 after buying an additional 7,675,878 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Coca-Cola by 231.3% during the 3rd quarter. Renaissance Technologies LLC now owns 8,625,400 shares of the company’s stock valued at $452,575,000 after buying an additional 6,021,673 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Coca-Cola by 26.8% during the 3rd quarter. Alliancebernstein L.P. now owns 22,178,743 shares of the company’s stock valued at $1,163,719,000 after buying an additional 4,685,925 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Coca-Cola by 1.0% during the 3rd quarter. BlackRock Inc. now owns 269,857,499 shares of the company’s stock valued at $14,159,425,000 after buying an additional 2,764,718 shares in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

In other news, SVP Beatriz R. Perez sold 25,406 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $62.01, for a total value of $1,575,426.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 153,466 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $65.03, for a total value of $9,979,893.98. Following the completion of the transaction, the insider now directly owns 136,513 shares of the company’s stock, valued at $8,877,440.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 512,819 shares of company stock valued at $32,431,674. Corporate insiders own 0.98% of the company’s stock.

Shares of KO stock traded up $0.69 on Monday, reaching $65.94. 25,066,016 shares of the company’s stock were exchanged, compared to its average volume of 18,836,814. The company has a current ratio of 1.13, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53. The company’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $59.19. The stock has a market capitalization of $285.85 billion, a PE ratio of 29.18, a P/E/G ratio of 3.21 and a beta of 0.65. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last issued its earnings results on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.06. The business had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. Coca-Cola had a return on equity of 42.21% and a net margin of 25.28%. Coca-Cola’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Tuesday, March 15th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 2.67%. Coca-Cola’s payout ratio is 77.88%.

Several research firms have weighed in on KO. Royal Bank of Canada raised their price target on Coca-Cola from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, February 11th. Truist Financial lifted their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola from $61.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, February 11th. Wells Fargo & Company lifted their target price on Coca-Cola from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, February 11th. Finally, Citigroup lifted their target price on Coca-Cola from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, February 11th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $65.25.

Coca-Cola Company Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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