FCA Corp TX Sells 158 Shares of The Coca-Cola Company (NYSE:KO)

FCA Corp TX decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,647 shares of the company’s stock after selling 158 shares during the quarter. FCA Corp TX’s holdings in Coca-Cola were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. Howard Capital Management Group LLC boosted its stake in 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 acquiring an additional 2,069 shares during the last quarter. United Bank lifted its stake in Coca-Cola by 65.4% in the third quarter. United Bank now owns 80,888 shares of the company’s stock valued at $5,813,000 after buying an additional 31,979 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Coca-Cola in the third quarter valued at approximately $2,683,000. Pacer Advisors Inc. lifted its stake in Coca-Cola by 9.3% in the third quarter. Pacer Advisors Inc. now owns 370,657 shares of the company’s stock valued at $26,635,000 after buying an additional 31,649 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Coca-Cola by 1.1% in the third quarter. Eagle Asset Management Inc. now owns 436,780 shares of the company’s stock valued at $31,387,000 after buying an additional 4,691 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, insider Bruno Pietracci sold 19,058 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 313,423 shares of company stock valued at $22,263,071. 0.97% of the stock is owned by company insiders.

Coca-Cola Price Performance

NYSE:KO opened at $68.58 on Friday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a market cap of $295.12 billion, a P/E ratio of 27.76, a P/E/G ratio of 3.79 and a beta of 0.57. The firm’s fifty day moving average price is $67.00 and its two-hundred day moving average price is $66.48. 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 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Equities analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s payout ratio is presently 82.59%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a research note on Thursday, February 6th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Barclays lifted 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.24.

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.