The Coca-Cola Company (NYSE:KO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,890 shares of the company’s stock after selling 173 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Coca-Cola were worth $1,605,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KO. Curi Wealth Management LLC bought a new position in Coca-Cola during the 4th quarter worth approximately $25,000. Nauset Wealth Management. LLC bought a new position in Coca-Cola during the 1st quarter worth approximately $27,000. Shore Point Advisors LLC bought a new position in Coca-Cola during the 4th quarter worth approximately $28,000. Delos Wealth Advisors LLC lifted its holdings in Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after buying an additional 477 shares during the last quarter. Finally, Horan Securities Inc. bought a new position in Coca-Cola during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 68.51% of the company’s stock.

Insider Activity

In related news, SVP Beatriz R. Perez sold 143,924 shares of Coca-Cola stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total transaction of $9,323,396.72. Following the completion of the sale, the senior vice president now owns 121,178 shares of the company’s stock, valued at $7,849,910.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on KO shares. Cowen increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a report on Tuesday, April 26th. Truist Financial raised their price target on Coca-Cola from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a report on Tuesday. Royal Bank of Canada set a $69.00 target price on Coca-Cola in a research note on Tuesday. Finally, Barclays set a $74.00 target price on Coca-Cola in a research note on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.41.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $63.01 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $273.15 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 3.99 and a beta of 0.55. The stock’s fifty day simple moving average is $62.36 and its 200 day simple moving average is $62.25. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The business had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.79%. Coca-Cola’s dividend payout ratio is 73.95%.

Coca-Cola Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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