Envestnet Asset Management Inc. Has $328.93 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Envestnet Asset Management Inc. lifted its holdings in The Coca-Cola Company (NYSE:KOFree Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,581,708 shares of the company’s stock after purchasing an additional 410,500 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Coca-Cola worth $328,930,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KO. Patrick M Sweeney & Associates Inc. acquired a new position in shares of Coca-Cola during the 4th quarter valued at about $410,000. Beacon Pointe Advisors LLC lifted its stake in shares of Coca-Cola by 24.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock worth $26,549,000 after buying an additional 89,139 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of Coca-Cola by 12.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock worth $2,354,000 after buying an additional 4,527 shares during the period. Birchcreek Wealth Management LLC boosted its holdings in shares of Coca-Cola by 12.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 4,539 shares of the company’s stock worth $267,000 after buying an additional 507 shares during the period. Finally, Wahed Invest LLC grew its stake in Coca-Cola by 10.3% in the 3rd quarter. Wahed Invest LLC now owns 61,355 shares of the company’s stock valued at $3,435,000 after buying an additional 5,707 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Price Performance

NYSE:KO opened at $63.93 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The company has a 50-day moving average of $61.53 and a 200-day moving average of $60.28. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The company has a market capitalization of $275.41 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.62 and a beta of 0.59.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Analysts Set New Price Targets

A number of research firms have issued reports on KO. Evercore ISI upped their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays raised their target price on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.09.

Check Out Our Latest Research Report on KO

Insiders Place Their Bets

In related news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the transaction, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders sold 180,838 shares of company stock worth $11,220,064 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

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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