The Coca-Cola Company (NYSE:KO) Holdings Trimmed by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lowered its holdings in The Coca-Cola Company (NYSE:KO) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,743 shares of the company’s stock after selling 7,608 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Coca-Cola were worth $2,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KO. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter worth about $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $31,000. REAP Financial Group LLC raised its stake in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Coca-Cola during the fourth quarter worth $38,000. Finally, Hoey Investments Inc. increased its holdings in Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares of the company’s stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Henrique Braun sold 25,277 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,749,745.02. This represents a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,664 shares of company stock valued at $31,730,532 in the last quarter. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.6%

Shares of Coca-Cola stock opened at $71.37 on Monday. The business has a fifty day simple moving average of $71.39 and a 200 day simple moving average of $67.63. The stock has a market cap of $307.20 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period in the prior year, the business posted $0.72 EPS. Coca-Cola’s revenue was down .7% on a year-over-year basis. Research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. Coca-Cola’s dividend payout ratio is 81.60%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KO. Cfra Research raised Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley increased their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Buy” and a consensus target price of $75.81.

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.