Semper Augustus Investments Group LLC Has $1.39 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Semper Augustus Investments Group LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 22,273 shares of the company’s stock after acquiring an additional 273 shares during the quarter. Coca-Cola comprises about 0.2% of Semper Augustus Investments Group LLC’s portfolio, making the stock its 24th biggest holding. Semper Augustus Investments Group LLC’s holdings in Coca-Cola were worth $1,387,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KO. Crowley Wealth Management Inc. bought a new stake in Coca-Cola during the fourth quarter worth about $27,000. Mainstream Capital Management LLC bought a new position in Coca-Cola in the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola during the 4th quarter worth approximately $38,000. Finally, Hoey Investments Inc. boosted its position in shares of Coca-Cola by 41.9% during the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after acquiring an additional 181 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the transaction, the insider now directly owns 246,909 shares of the company’s stock, valued at $17,520,662.64. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 462,407 shares of company stock worth $32,990,056. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent analyst reports. Cfra Research raised shares of Coca-Cola to a “strong-buy” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on Coca-Cola from $74.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Morgan Stanley raised their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Barclays reiterated an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $75.59.

Coca-Cola Stock Up 3.4%

NYSE:KO opened at $71.50 on Friday. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market cap of $307.76 billion, a PE ratio of 28.95, a P/E/G ratio of 3.79 and a beta of 0.47. The firm’s 50 day simple moving average is $70.86 and its 200 day simple moving average is $66.72.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. Coca-Cola’s revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola’s payout ratio is presently 81.60%.

Coca-Cola Company 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.