McGlone Suttner Wealth Management Inc. Raises Holdings in The Coca-Cola Company (NYSE:KO)

McGlone Suttner Wealth Management Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,116 shares of the company’s stock after acquiring an additional 600 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Coca-Cola were worth $950,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its position in shares of Coca-Cola by 103,297.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Norges Bank acquired a new stake in shares of Coca-Cola in the 4th quarter valued at about $2,937,315,000. Morgan Stanley boosted its position in shares of Coca-Cola by 15.7% in the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock valued at $5,031,669,000 after purchasing an additional 10,722,435 shares during the period. Barclays PLC boosted its position in shares of Coca-Cola by 164.7% in the 2nd quarter. Barclays PLC now owns 14,430,093 shares of the company’s stock valued at $868,981,000 after purchasing an additional 8,979,379 shares during the period. Finally, Capital World Investors boosted its position in shares of Coca-Cola by 61.4% in the 1st quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock valued at $667,373,000 after purchasing an additional 4,095,881 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

NYSE KO traded up $0.13 during mid-day trading on Thursday, hitting $61.16. The stock had a trading volume of 13,680,433 shares, compared to its average volume of 14,194,525. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The company has a market cap of $263.67 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 3.43 and a beta of 0.59. The company has a 50 day simple moving average of $60.06 and a 200 day simple moving average of $58.32. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The firm had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the business posted $0.45 EPS. Coca-Cola’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is 78.23%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KO has been the subject of a number of research analyst reports. Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Barclays increased their price objective on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.00.

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.