Clark & Stuart Inc Takes Position in The Coca-Cola Company (NYSE:KO)

Clark & Stuart Inc bought a new stake in shares of The Coca-Cola Company (NYSE:KO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,404 shares of the company’s stock, valued at approximately $1,582,000. Coca-Cola makes up 1.2% of Clark & Stuart Inc’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Czech National Bank boosted its stake in Coca-Cola by 6.4% in the 4th quarter. Czech National Bank now owns 841,119 shares of the company’s stock worth $52,368,000 after purchasing an additional 50,950 shares during the period. Graypoint LLC boosted its holdings in shares of Coca-Cola by 7.7% in the 4th quarter. Graypoint LLC now owns 39,752 shares of the company’s stock worth $2,475,000 after purchasing an additional 2,842 shares during the period. Atlas Brown Inc. boosted its stake in Coca-Cola by 0.8% during the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company’s stock worth $1,309,000 after buying an additional 166 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in Coca-Cola by 10.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 19,786 shares of the company’s stock valued at $1,232,000 after purchasing an additional 1,911 shares during the last quarter. Finally, HBW Advisory Services LLC grew its stake in shares of Coca-Cola by 14.2% during the fourth quarter. HBW Advisory Services LLC now owns 13,520 shares of the company’s stock valued at $842,000 after buying an additional 1,676 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Barclays decreased their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Piper Sandler assumed coverage on shares of Coca-Cola in a report on Tuesday, January 7th. They issued an “overweight” rating and a $74.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insiders Place Their Bets

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Down 1.2 %

Shares of NYSE KO opened at $60.98 on Monday. The business’s fifty day simple moving average is $62.91 and its 200-day simple moving average is $66.50. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The stock has a market cap of $262.69 billion, a P/E ratio of 25.20, a PEG ratio of 3.83 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. As a group, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

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.