Edge Capital Group LLC Has $26,000 Holdings in The Coca-Cola Company (NYSE:KO)

Edge Capital Group LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 99.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 424 shares of the company’s stock after selling 419,379 shares during the period. Edge Capital Group LLC’s holdings in Coca-Cola were worth $26,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC grew its position in Coca-Cola by 0.5% in 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 in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Coca-Cola by 14.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,613 shares of the company’s stock valued at $978,000 after purchasing an additional 1,698 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Coca-Cola by 12.0% in the third quarter. GHP Investment Advisors Inc. now owns 11,499 shares of the company’s stock worth $826,000 after purchasing an additional 1,229 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in Coca-Cola during the third quarter worth $224,000. Finally, Custom Index Systems LLC bought a new position in Coca-Cola during the third quarter valued at about $204,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KO. UBS Group upped their price target on Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Barclays upped their target price on Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, DZ Bank 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 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 issued a strong buy rating to the company. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Down 1.1 %

Coca-Cola stock opened at $70.58 on Tuesday. The business has a 50 day moving average price of $63.87 and a two-hundred day moving average price of $66.42. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. 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 $304.04 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 3.79 and a beta of 0.61.

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

Coca-Cola Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 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.