B. Riley Wealth Advisors Inc. Decreases Stake in The Coca-Cola Company (NYSE:KO)

B. Riley Wealth Advisors Inc. lowered its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,545 shares of the company’s stock after selling 11,992 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Coca-Cola were worth $8,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Coca-Cola by 1.7% during the third quarter. Loomis Sayles & Co. L P now owns 79,478 shares of the company’s stock worth $4,449,000 after acquiring an additional 1,295 shares during the last quarter. Financial Engines Advisors L.L.C. raised its holdings in shares of Coca-Cola by 37.9% in the third quarter. Financial Engines Advisors L.L.C. now owns 7,056 shares of the company’s stock worth $398,000 after acquiring an additional 1,941 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in shares of Coca-Cola in the third quarter valued at $1,546,000. Rafferty Asset Management LLC boosted its stake in shares of Coca-Cola by 11.4% during the third quarter. Rafferty Asset Management LLC now owns 289,937 shares of the company’s stock valued at $16,231,000 after acquiring an additional 29,644 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Coca-Cola during the 3rd quarter worth about $16,114,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In related news, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold 142,774 shares of company stock worth $8,952,720 in the last ninety days. 0.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KO. Argus raised their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price target on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays increased their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, UBS Group upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.55.

Check Out Our Latest Research Report on Coca-Cola

Coca-Cola Stock Up 0.1 %

Coca-Cola stock traded up $0.07 during midday trading on Monday, hitting $62.62. 10,342,453 shares of the company were exchanged, compared to its average volume of 13,071,892. The company has a market cap of $269.76 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The company’s fifty day moving average price is $61.85 and its 200-day moving average price is $60.48. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, research analysts predict that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.10%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Coca-Cola Company 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.

Further Reading

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

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