Colton Groome Financial Advisors LLC Buys 200 Shares of The Coca-Cola Company (NYSE:KO)

Colton Groome Financial Advisors LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,613 shares of the company’s stock after buying an additional 200 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Coca-Cola were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KO. Hibernia Wealth Partners LLC bought a new stake in shares of Coca-Cola during the 3rd quarter valued at $25,000. Freedom Wealth Alliance LLC purchased a new position in shares of Coca-Cola in the 4th quarter worth about $25,000. ZRC Wealth Management LLC raised its position in shares of 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 during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Coca-Cola in the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC purchased a new position in shares of Coca-Cola in the 1st quarter worth about $31,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO traded up $0.40 during mid-day trading on Thursday, reaching $58.91. The company’s stock had a trading volume of 11,106,106 shares, compared to its average volume of 13,781,219. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The firm’s fifty day moving average price is $59.94 and its two-hundred day moving average price is $58.52. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a market cap of $253.97 billion, a P/E ratio of 23.74, a PEG ratio of 3.29 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.29%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is presently 78.23%.

Insider Activity

In related news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock valued at $22,795,742 in the last quarter. 0.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on KO. JPMorgan Chase & Co. lifted their price target on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Citigroup lifted their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays lifted their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.18.

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.