The Coca-Cola Company (NYSE:KO) Stake Decreased by Wealth Architects LLC

Wealth Architects LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,312 shares of the company’s stock after selling 327 shares during the quarter. Wealth Architects LLC’s holdings in Coca-Cola were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $31,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola during the third quarter valued at approximately $43,000. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at approximately $37,000. MilWealth Group LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at approximately $40,000. Finally, Hara Capital LLC increased its stake in shares of Coca-Cola by 43.7% during the fourth quarter. Hara Capital LLC now owns 691 shares of the company’s stock valued at $43,000 after acquiring an additional 210 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of Coca-Cola stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares of the company’s stock, valued at approximately $17,520,662.64. The trade was a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 in the last quarter. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.7 %

Coca-Cola stock opened at $69.16 on Monday. The company has a 50 day moving average price of $66.18 and a 200 day moving average price of $66.54. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The firm has a market capitalization of $297.47 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.95%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. Coca-Cola’s dividend payout ratio (DPR) is 82.59%.

Analysts Set New Price Targets

A number of research firms recently commented on KO. Morgan Stanley raised their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. UBS Group raised their price objective on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. DZ Bank upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Barclays lifted their price target on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.24.

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.