Truvestments Capital LLC Has $2.94 Million Position in The Coca-Cola Company (NYSE:KO)

Truvestments Capital LLC raised its holdings in The Coca-Cola Company (NYSE:KO) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,144 shares of the company’s stock after buying an additional 3,436 shares during the period. Truvestments Capital LLC’s holdings in Coca-Cola were worth $2,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC increased its stake in shares of Coca-Cola by 0.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company’s stock worth $28,716,000 after purchasing an additional 2,069 shares during the last quarter. United Bank increased its stake in shares of Coca-Cola by 65.4% during the 3rd quarter. United Bank now owns 80,888 shares of the company’s stock worth $5,813,000 after purchasing an additional 31,979 shares during the last quarter. Assetmark Inc. increased its stake in shares of Coca-Cola by 7.0% during the 3rd quarter. Assetmark Inc. now owns 109,065 shares of the company’s stock worth $7,837,000 after purchasing an additional 7,099 shares during the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Coca-Cola by 150.4% during the 3rd quarter. Baker Avenue Asset Management LP now owns 9,534 shares of the company’s stock worth $685,000 after purchasing an additional 5,727 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its stake in shares of Coca-Cola by 113.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,849 shares of the company’s stock worth $348,000 after purchasing an additional 2,574 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, EVP Lisa Chang sold 13,445 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of the stock in a transaction on 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. In the last ninety days, insiders sold 288,146 shares of company stock worth $20,456,524. 0.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KO shares. JPMorgan Chase & Co. reduced their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. UBS Group lifted their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, February 13th. Evercore ISI lifted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Barclays boosted their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Coca-Cola Price Performance

KO stock opened at $71.00 on Wednesday. The company has a 50 day simple moving average of $65.72 and a 200 day simple moving average of $66.58. The stock has a market cap of $305.37 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. Research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. Coca-Cola’s dividend payout ratio 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.