USA Financial Portformulas Corp acquired a new stake in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,044 shares of the company’s stock, valued at approximately $2,434,000.

A number of other large investors have also recently made changes to their positions in the stock. Noesis Capital Mangement Corp increased its holdings in The Coca-Cola by 1.0% in the second quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock valued at $389,000 after buying an additional 90 shares in the last quarter. Pacific Center for Financial Services increased its holdings in The Coca-Cola by 1.4% in the second quarter. Pacific Center for Financial Services now owns 7,422 shares of the company’s stock valued at $333,000 after buying an additional 100 shares in the last quarter. Monetary Management Group Inc. increased its holdings in The Coca-Cola by 1.0% in the second quarter. Monetary Management Group Inc. now owns 10,625 shares of the company’s stock valued at $477,000 after buying an additional 100 shares in the last quarter. Westside Investment Management Inc. increased its holdings in The Coca-Cola by 2.6% in the second quarter. Westside Investment Management Inc. now owns 4,163 shares of the company’s stock valued at $185,000 after buying an additional 107 shares in the last quarter. Finally, Courier Capital LLC increased its holdings in The Coca-Cola by 0.3% in the second quarter. Courier Capital LLC now owns 31,897 shares of the company’s stock valued at $1,431,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 66.07% of the company’s stock.

A number of brokerages have issued reports on KO. Goldman Sachs set a $49.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. JPMorgan Chase reaffirmed a “neutral” rating and issued a target price (up from ) on shares of The Coca-Cola in a report on Friday, February 16th. Credit Suisse Group reaffirmed a “buy” rating on shares of The Coca-Cola in a report on Tuesday, February 13th. Jefferies Group reaffirmed a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Tuesday, February 20th. Finally, Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and an average price target of $49.09.

In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of The Coca-Cola stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the completion of the transaction, the insider now owns 98,995 shares in the company, valued at approximately $4,454,775. The disclosure for this sale can be found here. Insiders sold a total of 101,283 shares of company stock valued at $4,812,985 over the last ninety days. 1.48% of the stock is owned by corporate insiders.

KO stock opened at $43.74 on Friday. The company has a market capitalization of $189,022.30, a price-to-earnings ratio of 22.90, a PEG ratio of 2.57 and a beta of 0.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The Coca-Cola Company has a one year low of $42.19 and a one year high of $48.62.

The Coca-Cola (NYSE:KO) last released its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The Coca-Cola’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. sell-side analysts expect that The Coca-Cola Company will post 2.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a $0.39 dividend. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, March 14th. The Coca-Cola’s payout ratio is presently 81.68%.

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The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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