SeaCrest Wealth Management LLC grew its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,831 shares of the company's stock after purchasing an additional 4,574 shares during the period. SeaCrest Wealth Management LLC's holdings in Coca-Cola were worth $2,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KO. United Services Automobile Association grew its holdings in shares of Coca-Cola by 0.5% in the third quarter. United Services Automobile Association now owns 1,329,830 shares of the company's stock worth $74,497,000 after acquiring an additional 6,540 shares during the period. Verus Capital Partners LLC grew its holdings in shares of Coca-Cola by 32.7% in the third quarter. Verus Capital Partners LLC now owns 4,349 shares of the company's stock worth $244,000 after acquiring an additional 1,072 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Coca-Cola in the third quarter worth $636,000. Neo Ivy Capital Management bought a new stake in shares of Coca-Cola in the third quarter worth $31,000. Finally, Summit Financial LLC grew its holdings in shares of Coca-Cola by 16.9% in the third quarter. Summit Financial LLC now owns 34,439 shares of the company's stock worth $1,944,000 after acquiring an additional 4,990 shares during the period. Institutional investors own 68.74% of the company's stock.

Insider Activity

In other news, CEO James Quincey sold 34,875 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $60.32, for a total transaction of $2,103,660.00. Following the completion of the sale, the chief executive officer now owns 351,737 shares in the company, valued at approximately $21,216,775.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Brian John Smith sold 94,200 shares of the company's stock in a transaction on Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the transaction, the insider now directly owns 116,168 shares of the company's stock, valued at approximately $7,320,907.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 34,875 shares of the company's stock in a transaction on Monday, February 13th. The shares were sold at an average price of $60.32, for a total value of $2,103,660.00. Following the completion of the transaction, the chief executive officer now directly owns 351,737 shares in the company, valued at $21,216,775.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 376,468 shares of company stock worth $23,074,307. Insiders own 0.98% of the company's stock.

Coca-Cola Trading Down 0.4 %

KO opened at $59.21 on Friday. The stock has a market cap of $256.18 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 3.42 and a beta of 0.53. The stock's 50 day moving average price is $60.56 and its 200-day moving average price is $60.51. The Coca-Cola Company has a one year low of $54.01 and a one year high of $67.20. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.93 and a current ratio of 1.15.

Coca-Cola (NYSE:KO – Get Rating) last released its earnings results on Tuesday, February 14th. The company reported $0.45 EPS for the quarter, meeting analysts' consensus estimates of $0.45. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The firm had revenue of $10.10 billion for the quarter, compared to analysts' expectations of $9.92 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that The Coca-Cola Company will post 2.6 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 17th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.44. Coca-Cola's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KO shares. Royal Bank of Canada set a $69.00 target price on Coca-Cola in a research report on Tuesday, February 14th. Morgan Stanley lifted their target price on Coca-Cola from $68.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, February 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Coca-Cola from $62.00 to $63.00 and gave the company a "hold" rating in a research report on Wednesday, February 15th. Credit Suisse Group set a $70.00 price objective on Coca-Cola in a research report on Wednesday, February 15th. Finally, The Goldman Sachs Group boosted their price objective on Coca-Cola from $61.00 to $62.00 and gave the company a "neutral" rating in a research report on Monday, February 13th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of "Moderate Buy" and a consensus price target of $67.70.

Coca-Cola Profile

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.

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