Requisite Capital Management LLC Makes New Investment in The Coca-Cola Company (NYSE:KO)

Requisite Capital Management LLC acquired a new position in shares of The Coca-Cola Company (NYSE:KOFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,376 shares of the company’s stock, valued at approximately $494,000.

Several other large investors also recently bought and sold shares of KO. Fairfield Bush & CO. purchased a new stake in shares of Coca-Cola in the first quarter valued at approximately $77,000. Merit Financial Group LLC grew its position in shares of Coca-Cola by 16.7% in the first quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock valued at $758,000 after purchasing an additional 1,754 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Coca-Cola by 41.4% in the first quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock valued at $9,255,000 after purchasing an additional 43,680 shares in the last quarter. Ergoteles LLC grew its position in shares of Coca-Cola by 385.3% in the first quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock valued at $1,180,000 after purchasing an additional 15,110 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Coca-Cola by 11.9% in the first quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock valued at $176,115,000 after purchasing an additional 301,804 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Nancy Quan sold 57,368 shares of the firm’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 transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. 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 currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KO shares. Barclays increased their price target on Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Citigroup increased their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

View Our Latest Stock Analysis on Coca-Cola

Coca-Cola Stock Down 0.9 %

KO stock traded down $0.53 during mid-day trading on Tuesday, reaching $60.15. The company had a trading volume of 12,838,232 shares, compared to its average volume of 14,135,731. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $259.32 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59. The firm has a fifty day simple moving average of $60.13 and a 200 day simple moving average of $58.38. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.99.

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

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.485 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is presently 78.23%.

About Coca-Cola

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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