TCG Advisory Services LLC Acquires 27,391 Shares of The Coca-Cola Company (NYSE:KO)

TCG Advisory Services LLC raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 41.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,933 shares of the company’s stock after acquiring an additional 27,391 shares during the period. TCG Advisory Services LLC’s holdings in Coca-Cola were worth $5,477,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC grew its holdings in shares of Coca-Cola by 11,138.6% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after acquiring an additional 4,933,527 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Coca-Cola by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after purchasing an additional 2,464,618 shares during the period. Northern Trust Corp boosted its holdings in shares of Coca-Cola by 4.8% in the third quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock worth $2,514,234,000 after buying an additional 2,040,664 shares during the last quarter. Invesco Ltd. increased its holdings in Coca-Cola by 8.2% during the third quarter. Invesco Ltd. now owns 25,845,340 shares of the company’s stock valued at $1,446,822,000 after buying an additional 1,963,963 shares during the last quarter. Finally, Morgan Stanley raised its position in Coca-Cola by 2.5% in the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after acquiring an additional 1,950,146 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

NYSE KO traded up $0.18 on Friday, reaching $62.17. The company had a trading volume of 11,628,675 shares, compared to its average volume of 13,782,690. The stock has a market capitalization of $268.03 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.55 and a beta of 0.57. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.25. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average price is $60.24 and its 200 day moving average price is $59.12.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the firm posted $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.12%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Barclays upped their price objective on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group boosted their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Evercore ISI raised their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.27.

Insiders Place Their Bets

In related news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold 323,107 shares of company stock valued at $19,657,742 over the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola 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.