DecisionMap Wealth Management LLC Buys Shares of 41,496 The Coca-Cola Company (NYSE:KO)

DecisionMap Wealth Management LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 41,496 shares of the company’s stock, valued at approximately $2,584,000. Coca-Cola comprises 2.0% of DecisionMap Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coca-Cola by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,163,187 shares of the company’s stock worth $4,617,400,000 after acquiring an additional 11,569,920 shares during the last quarter. FMR LLC increased its stake in shares of Coca-Cola by 13.7% in the third quarter. FMR LLC now owns 92,961,376 shares of the company’s stock worth $6,680,205,000 after buying an additional 11,206,995 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Coca-Cola in the fourth quarter worth $500,192,000. Wellington Management Group LLP increased its stake in shares of Coca-Cola by 14.5% in the third quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company’s stock worth $2,271,885,000 after buying an additional 4,013,996 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Coca-Cola in the third quarter worth $269,382,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 1.5 %

NYSE:KO opened at $69.95 on Thursday. The firm’s 50-day moving average price is $65.87 and its 200-day moving average price is $66.61. The company has a market capitalization of $300.83 billion, a PE ratio of 28.32, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results 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%. On average, equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. Coca-Cola’s payout ratio is presently 82.59%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KO shares. Wells Fargo & Company lifted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note 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 on the stock in a research note on Thursday, February 13th. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley lifted their target price 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, 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 research report on Thursday, February 13th. Two 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 55,500 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the sale, the insider now directly owns 246,909 shares in the company, valued at approximately $17,533,008.09. The trade was a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,146 shares of company stock worth $20,456,524 in the last quarter. Corporate insiders own 0.97% of the company’s stock.

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.