The Coca-Cola Company (NYSE:KO) Holdings Lowered by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. trimmed its stake in shares of The Coca-Cola Company (NYSE:KO) by 28.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,667 shares of the company’s stock after selling 1,450 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Coca-Cola were worth $228,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC raised its position in Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock valued at $28,716,000 after buying an additional 2,069 shares during the period. Pure Financial Advisors LLC raised its position in Coca-Cola by 95.2% during the third quarter. Pure Financial Advisors LLC now owns 9,755 shares of the company’s stock valued at $701,000 after buying an additional 4,757 shares during the period. Harbor Capital Advisors Inc. raised its position in Coca-Cola by 0.5% during the third quarter. Harbor Capital Advisors Inc. now owns 53,889 shares of the company’s stock valued at $3,872,000 after buying an additional 256 shares during the period. Van ECK Associates Corp raised its position in Coca-Cola by 6.1% during the third quarter. Van ECK Associates Corp now owns 947,330 shares of the company’s stock valued at $64,428,000 after buying an additional 54,606 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Coca-Cola by 7.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,581,006 shares of the company’s stock valued at $113,611,000 after buying an additional 104,323 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Lisa Chang sold 13,445 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the transaction, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at approximately $6,769,334. This represents a 12.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 145,435 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $24,324,191.46. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 232,646 shares of company stock worth $16,515,469. 0.97% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. UBS Group upped their target price on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. 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. Evercore ISI upped their target price on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler upped their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment 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 company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.24.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $72.29 on Tuesday. The business has a 50 day moving average price of $64.73 and a 200 day moving average price of $66.52. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company has a market cap of $310.92 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.79 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio (DPR) is currently 82.59%.

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.