Kellett Wealth Advisors LLC Has $324,000 Stake in The Coca-Cola Company (NYSE:KO)

Kellett Wealth Advisors LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,492 shares of the company’s stock after buying an additional 318 shares during the period. Kellett Wealth Advisors LLC’s holdings in Coca-Cola were worth $324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Castleview Partners LLC grew its stake in shares of Coca-Cola by 4.4% in the first quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock worth $246,000 after acquiring an additional 167 shares during the period. Enterprise Bank & Trust Co grew its position in Coca-Cola by 3.4% during the fourth quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock valued at $296,000 after buying an additional 167 shares during the period. Elk River Wealth Management LLC grew its position in Coca-Cola by 1.6% during the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after buying an additional 170 shares during the period. KRS Capital Management LLC grew its position in Coca-Cola by 3.8% during the fourth quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after buying an additional 170 shares during the period. Finally, Somerville Kurt F grew its position in Coca-Cola by 0.8% during the first quarter. Somerville Kurt F now owns 21,377 shares of the company’s stock valued at $1,325,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KO shares. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Barclays boosted their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $67.18.

Coca-Cola Price Performance

NYSE:KO traded up $0.40 during trading hours on Thursday, hitting $58.91. 11,106,106 shares of the stock traded hands, compared to its average volume of 13,781,219. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99. The company has a market cap of $253.97 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.59. The stock has a 50 day moving average price of $59.94 and a 200 day moving average price of $58.52.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. Coca-Cola’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $0.485 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.29%. Coca-Cola’s dividend payout ratio is currently 78.23%.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by insiders.

Coca-Cola Company 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.