Donoghue Forlines LLC Raises Holdings in The Coca-Cola Company (NYSE:KO)

Donoghue Forlines LLC lifted its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,561 shares of the company’s stock after purchasing an additional 625 shares during the period. Donoghue Forlines LLC’s holdings in Coca-Cola were worth $1,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fortis Advisors LLC acquired a new stake in Coca-Cola during the third quarter worth approximately $25,000. Curi Wealth Management LLC acquired a new stake in Coca-Cola during the fourth quarter worth approximately $25,000. Shore Point Advisors LLC acquired a new stake in Coca-Cola during the fourth quarter worth approximately $28,000. Horan Securities Inc. acquired a new stake in Coca-Cola during the fourth quarter worth approximately $32,000. Finally, Leverty Financial Group LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at $35,000. 68.51% of the stock is owned by institutional investors and hedge funds.

KO traded down $3.68 during trading on Wednesday, reaching $62.10. 1,037,382 shares of the stock traded hands, compared to its average volume of 19,002,994. The stock has a market cap of $269.21 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 3.82 and a beta of 0.58. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The stock’s 50-day simple moving average is $63.15 and its two-hundred day simple moving average is $60.30.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The company had revenue of $10.50 billion for the quarter, compared to analyst estimates of $9.83 billion. During the same period last year, the company earned $0.55 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. Research analysts anticipate that The Coca-Cola Company will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.76 annualized dividend and a yield of 2.83%. Coca-Cola’s dividend payout ratio is 73.95%.

In other news, COO Brian John Smith sold 48,292 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $61.66, for a total value of $2,977,684.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alfredo Rivera sold 17,709 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $62.60, for a total value of $1,108,583.40. The disclosure for this sale can be found here. Insiders have sold 667,137 shares of company stock worth $42,579,677 over the last 90 days. Corporate insiders own 0.98% of the company’s stock.

Several research analysts recently commented on KO shares. Truist Financial boosted their price target on Coca-Cola from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Cowen increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a report on Tuesday, April 26th. Credit Suisse Group set a $68.00 target price on Coca-Cola in a report on Friday, May 13th. UBS Group increased their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, February 11th. Finally, JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, March 30th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Buy” and a consensus target price of $67.29.

Coca-Cola 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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