Amica Mutual Insurance Co. Buys 24,580 Shares of The Coca-Cola Company (NYSE:KO)

Amica Mutual Insurance Co. boosted its stake in The Coca-Cola Company (NYSE:KO) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,020 shares of the company’s stock after purchasing an additional 24,580 shares during the period. Amica Mutual Insurance Co.’s holdings in Coca-Cola were worth $6,837,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KO. Bill Few Associates Inc. boosted its stake in shares of Coca-Cola by 9.1% during the 3rd quarter. Bill Few Associates Inc. now owns 5,709 shares of the company’s stock worth $320,000 after acquiring an additional 477 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Coca-Cola by 3.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 38,546 shares of the company’s stock valued at $2,158,000 after acquiring an additional 1,125 shares during the period. Commonwealth Equity Services LLC increased its holdings in Coca-Cola by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,764,924 shares of the company’s stock worth $98,800,000 after acquiring an additional 14,729 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Coca-Cola by 1.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,243,015 shares of the company’s stock worth $69,584,000 after acquiring an additional 13,500 shares during the period. Finally, Mcdaniel Terry & Co. lifted its holdings in Coca-Cola by 0.7% during the third quarter. Mcdaniel Terry & Co. now owns 426,172 shares of the company’s stock valued at $23,857,000 after purchasing an additional 3,166 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,407 shares of company stock worth $22,795,742. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock traded up $0.30 during trading hours on Monday, hitting $62.04. The stock had a trading volume of 13,417,406 shares, compared to its average volume of 13,989,353. The stock has a market capitalization of $267.47 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.53 and a beta of 0.59. The stock’s 50-day moving average price is $60.17 and its two-hundred day moving average price is $58.96. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.69.

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

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.13%. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KO shares. JPMorgan Chase & Co. decreased their price objective on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Citigroup raised their price target on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Barclays upped their price objective on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $67.22.

Coca-Cola Company 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.