Garrett Wealth Advisory Group LLC Buys 808 Shares of The Coca-Cola Company (NYSE:KO)

Garrett Wealth Advisory Group LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 22.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,412 shares of the company’s stock after buying an additional 808 shares during the period. Garrett Wealth Advisory Group LLC’s holdings in Coca-Cola were worth $275,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter valued at $35,000. MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the 3rd quarter worth approximately $43,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $37,000. MilWealth Group LLC bought a new position in Coca-Cola in the fourth quarter valued at approximately $40,000. Finally, Sugar Maple Asset Management LLC bought a new position in Coca-Cola during the 4th quarter worth about $43,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the sale, the insider now directly owns 246,909 shares of the company’s stock, valued at $17,520,662.64. This represents a 18.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 232,646 shares of company stock valued at $16,515,469. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.5 %

Shares of KO opened at $71.20 on Monday. The firm has a market cap of $306.22 billion, a price-to-earnings ratio of 28.82, a PEG 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. The firm has a 50 day moving average price of $64.53 and a 200-day moving average price of $66.50.

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

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio is presently 82.59%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a research report on Thursday, February 6th. 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 research report on Thursday, February 13th. UBS Group boosted their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

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.