The Coca-Cola Company (NYSE:KO) Shares Sold by Austin Private Wealth LLC

Austin Private Wealth LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,211 shares of the company’s stock after selling 225 shares during the quarter. Austin Private Wealth LLC’s holdings in Coca-Cola were worth $248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its stake in shares of Coca-Cola by 12.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,683 shares of the company’s stock valued at $2,354,000 after purchasing an additional 4,527 shares during the last quarter. HF Advisory Group LLC raised its holdings in shares of Coca-Cola by 7.6% in the 3rd quarter. HF Advisory Group LLC now owns 6,770 shares of the company’s stock valued at $379,000 after buying an additional 476 shares during the period. Wahed Invest LLC raised its holdings in shares of 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 period. Tucker Asset Management LLC raised its holdings in shares of Coca-Cola by 110.4% in the 2nd quarter. Tucker Asset Management LLC now owns 9,052 shares of the company’s stock valued at $545,000 after buying an additional 4,749 shares during the period. Finally, Cohen Lawrence B raised its holdings in shares of Coca-Cola by 2.8% in the 3rd quarter. Cohen Lawrence B now owns 40,872 shares of the company’s stock valued at $2,288,000 after buying an additional 1,111 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several research analyst reports. Citigroup boosted their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays boosted their price objective on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. upped 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Insider Activity at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the 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 completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last three months. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Up 0.2 %

NYSE KO traded up $0.13 during trading hours on Thursday, hitting $61.16. 13,680,433 shares of the company were exchanged, compared to its average volume of 14,194,525. The company has a 50 day moving average of $60.06 and a two-hundred day moving average of $58.32. The firm has a market cap of $263.67 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 3.43 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. Equities research analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.485 dividend. The ex-dividend date is Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.17%. Coca-Cola’s dividend payout ratio is 78.23%.

Coca-Cola Profile

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.