RB Capital Management LLC Has $2.97 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

RB Capital Management LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,312 shares of the company’s stock after purchasing an additional 283 shares during the quarter. RB Capital Management LLC’s holdings in Coca-Cola were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KO. Vicus Capital boosted its stake in Coca-Cola by 72.8% during the 3rd quarter. Vicus Capital now owns 9,798 shares of the company’s stock worth $549,000 after acquiring an additional 4,129 shares during the last quarter. Clear Creek Financial Management LLC raised its position in Coca-Cola by 7.2% during the third quarter. Clear Creek Financial Management LLC now owns 9,325 shares of the company’s stock worth $522,000 after acquiring an additional 630 shares in the last quarter. Dakota Wealth Management lifted its stake in Coca-Cola by 35.3% in the 3rd quarter. Dakota Wealth Management now owns 63,920 shares of the company’s stock valued at $3,578,000 after purchasing an additional 16,679 shares during the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of Coca-Cola by 10.1% during the 3rd quarter. Mayfair Advisory Group LLC now owns 17,555 shares of the company’s stock worth $948,000 after acquiring an additional 1,615 shares during the period. Finally, Tectonic Advisors LLC boosted its holdings in shares of Coca-Cola by 10.1% during the 3rd quarter. Tectonic Advisors LLC now owns 74,889 shares of the company’s stock worth $4,192,000 after buying an additional 6,863 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup lifted their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Barclays lifted their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.18.

Coca-Cola Trading Up 0.3 %

KO traded up $0.16 during trading on Wednesday, reaching $61.93. 16,717,748 shares of the company’s stock were exchanged, compared to its average volume of 14,021,762. The stock has a market capitalization of $266.99 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.25. The firm has a fifty day moving average price of $60.19 and a two-hundred day moving average price of $59.02.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.13%. Coca-Cola’s payout ratio is 78.23%.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nancy Quan sold 57,368 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 323,107 shares of company stock worth $19,657,742. Corporate insiders own 0.97% of the company’s stock.

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.