Raab & Moskowitz Asset Management LLC Boosts Stake in The Coca-Cola Company (NYSE:KO)

Raab & Moskowitz Asset Management LLC raised its position in The Coca-Cola Company (NYSE:KO) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,728 shares of the company’s stock after buying an additional 2,157 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Coca-Cola were worth $2,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KO. CX Institutional boosted its position in Coca-Cola by 107.9% in the 3rd quarter. CX Institutional now owns 90,508 shares of the company’s stock valued at $5,067,000 after buying an additional 46,980 shares during the last quarter. Advisory Alpha LLC lifted its position in shares of Coca-Cola by 9.0% during the third quarter. Advisory Alpha LLC now owns 8,881 shares of the company’s stock worth $497,000 after purchasing an additional 731 shares during the last quarter. WASHINGTON TRUST Co lifted its position in shares of Coca-Cola by 1.8% during the third quarter. WASHINGTON TRUST Co now owns 29,697 shares of the company’s stock worth $1,662,000 after purchasing an additional 522 shares during the last quarter. Stewart & Patten Co. LLC lifted its position in shares of Coca-Cola by 0.9% during the third quarter. Stewart & Patten Co. LLC now owns 377,301 shares of the company’s stock worth $21,121,000 after purchasing an additional 3,438 shares during the last quarter. Finally, L. Roy Papp & Associates LLP lifted its position in shares of Coca-Cola by 2.9% during the third quarter. L. Roy Papp & Associates LLP now owns 33,533 shares of the company’s stock worth $1,877,000 after purchasing an additional 955 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Quincey sold 247,188 shares of the firm’s 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 transaction, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the firm’s 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 transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by company insiders.

Coca-Cola Price Performance

KO opened at $61.74 on Friday. The firm has a market cap of $266.17 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.69. The company’s 50-day moving average price is $60.12 and its 200 day moving average price is $58.85. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. Coca-Cola’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Barclays increased their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Citigroup increased their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.22.

Coca-Cola Profile

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.