Winebrenner Capital Management LLC Acquires New Stake in The Coca-Cola Company (NYSE:KO)

Winebrenner Capital Management LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,900 shares of the company’s stock, valued at approximately $1,239,000. Coca-Cola comprises approximately 1.0% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC increased its position in shares of Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after acquiring an additional 2,069 shares during the period. McAdam LLC boosted its holdings in shares of Coca-Cola by 8.0% in the third quarter. McAdam LLC now owns 12,470 shares of the company’s stock valued at $896,000 after purchasing an additional 919 shares during the period. International Assets Investment Management LLC increased its holdings in Coca-Cola by 7,792.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company’s stock worth $125,346,000 after purchasing an additional 1,722,202 shares during the period. Grimes & Company Inc. raised its holdings in shares of Coca-Cola by 5.3% in the third quarter. Grimes & Company Inc. now owns 22,471 shares of the company’s stock valued at $1,615,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Mcdaniel Terry & Co. raised its holdings in shares of Coca-Cola by 0.9% in the 3rd quarter. Mcdaniel Terry & Co. now owns 423,150 shares of the company’s stock valued at $30,408,000 after purchasing an additional 3,607 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KO has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Finally, Barclays boosted their price target on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Coca-Cola Price Performance

Shares of KO opened at $71.37 on Friday. The business’s 50-day moving average is $63.71 and its two-hundred day moving average is $66.44. The company has a market capitalization of $307.46 billion, a P/E ratio of 28.90, a P/E/G ratio of 3.79 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Research analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. Coca-Cola’s payout ratio is 78.54%.

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.