Navalign LLC Has $1.26 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Navalign LLC cut its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,403 shares of the company’s stock after selling 791 shares during the period. Navalign LLC’s holdings in Coca-Cola were worth $1,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new position in Coca-Cola during the 3rd quarter worth $25,000. Freedom Wealth Alliance LLC purchased a new position in Coca-Cola during the fourth quarter worth about $25,000. ZRC Wealth Management LLC grew its position in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola in the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC purchased a new stake in Coca-Cola in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 247,188 shares of the firm’s stock in a transaction dated 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 $26,968,753.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,407 shares of company stock valued at $22,795,742. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO traded up $0.13 on Thursday, hitting $61.16. The company’s stock had a trading volume of 13,680,433 shares, compared to its average volume of 14,194,525. The company’s 50 day simple moving average is $60.06 and its 200-day simple moving average is $58.32. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99. The firm has a market cap of $263.67 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company 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 earned $0.45 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays upped their price objective on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Citigroup increased their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

About Coca-Cola

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.