OneDigital Investment Advisors LLC Has $7.22 Million Position in The Coca-Cola Company (NYSE:KO)

OneDigital Investment Advisors LLC raised its position in The Coca-Cola Company (NYSE:KO) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,974 shares of the company’s stock after buying an additional 11,705 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Coca-Cola were worth $7,221,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Rice Partnership LLC increased its stake in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company’s stock worth $6,397,000 after acquiring an additional 6,793 shares during the period. Fiduciary Alliance LLC increased its position in shares of Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company’s stock worth $1,132,000 after purchasing an additional 8,499 shares during the period. Clark & Stuart Inc bought a new position in shares of Coca-Cola in the fourth quarter worth $1,582,000. Wilmington Savings Fund Society FSB raised its stake in Coca-Cola by 222.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company’s stock valued at $13,814,000 after purchasing an additional 132,701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Coca-Cola by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company’s stock worth $55,610,000 after purchasing an additional 8,810 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

KO has been the subject of several analyst reports. Barclays restated an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Morgan Stanley lifted their price target on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $75.06.

Insider Buying and Selling

In other news, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Henrique Braun sold 25,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares in the company, valued at approximately $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO stock opened at $72.80 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The Coca-Cola Company has a one year low of $59.72 and a one year high of $73.95. The business’s 50 day simple moving average is $70.47 and its 200 day simple moving average is $66.37. The stock has a market capitalization of $313.30 billion, a PE ratio of 29.47, a PEG ratio of 3.79 and a beta of 0.45.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. As a group, research analysts forecast 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.51 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.80%. Coca-Cola’s dividend payout ratio is presently 82.59%.

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.