TRUE Private Wealth Advisors increased its position in shares of The Coca-Cola Co (NYSE:KO) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,480 shares of the company’s stock after acquiring an additional 2,418 shares during the quarter. TRUE Private Wealth Advisors’ holdings in The Coca-Cola were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in The Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after buying an additional 12,243,387 shares during the period. Capital World Investors raised its holdings in The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares during the period. Troy Asset Management Ltd purchased a new stake in The Coca-Cola in the 3rd quarter valued at about $260,266,000. Vanguard Group Inc. raised its holdings in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after buying an additional 4,818,963 shares during the period. Finally, Stifel Financial Corp raised its holdings in The Coca-Cola by 12,733.6% in the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after buying an additional 4,212,134 shares during the period. 65.13% of the stock is currently owned by hedge funds and other institutional investors.
The Coca-Cola Co (NYSE KO) opened at $44.04 on Friday. The Coca-Cola Co has a 52-week low of $41.58 and a 52-week high of $48.62. The company has a market capitalization of $187,640.00, a PE ratio of 40.04, a PEG ratio of 2.67 and a beta of 0.70. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.54%. The Coca-Cola’s payout ratio is currently 134.55%.
Several brokerages recently issued reports on KO. Stifel Nicolaus restated a “hold” rating and issued a $49.00 price objective on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a price target (up from ) on shares of The Coca-Cola in a research note on Friday, February 16th. Credit Suisse Group reiterated a “buy” rating on shares of The Coca-Cola in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $49.24.
In related news, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,640 shares of company stock valued at $5,800,776. Corporate insiders own 1.51% of the company’s stock.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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