Insight Wealth Strategies LLC Has $2.07 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Insight Wealth Strategies LLC lifted its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,069 shares of the company’s stock after purchasing an additional 1,897 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Coca-Cola were worth $2,067,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its holdings in Coca-Cola by 1.0% in the 2nd quarter. State Street Corp now owns 171,246,926 shares of the company’s stock valued at $10,390,407,000 after purchasing an additional 1,628,772 shares during the period. Morgan Stanley lifted its holdings in shares of Coca-Cola by 2.5% during the 3rd quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after acquiring an additional 1,950,146 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Coca-Cola by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 79,165,884 shares of the company’s stock worth $4,754,907,000 after acquiring an additional 2,183,864 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coca-Cola by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after acquiring an additional 2,464,618 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Coca-Cola by 103,297.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after purchasing an additional 57,678,466 shares during the last quarter. Institutional investors and hedge funds own 68.96% of the company’s stock.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 247,188 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 247,188 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock worth $22,795,742 in the last quarter. 1.00% of the stock is owned by insiders.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.29 on Thursday, hitting $60.46. The company had a trading volume of 13,065,187 shares, compared to its average volume of 14,316,213. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average price of $60.01 and a 200 day moving average price of $58.26. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.99. The stock has a market cap of $260.65 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.42 and a beta of 0.59.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 earnings per share 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 net margin of 23.42% and a return on equity of 42.50%. Coca-Cola’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. Analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

Wall Street Analysts Forecast Growth

KO has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Barclays lifted their price target on shares of Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Citigroup boosted their price objective on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.00.

Check Out Our Latest Report on KO

Coca-Cola Profile

(Free Report)

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.

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

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