BCS Wealth Management Sells 329 Shares of The Coca-Cola Company (NYSE:KO)

BCS Wealth Management cut its position in shares of The Coca-Cola Company (NYSE:KOFree Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,861 shares of the company’s stock after selling 329 shares during the quarter. BCS Wealth Management’s holdings in Coca-Cola were worth $664,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. ZRC Wealth Management LLC boosted its holdings in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the period. Tidemark LLC purchased a new stake in Coca-Cola during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new stake in Coca-Cola in the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC purchased a new stake in Coca-Cola in the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Coca-Cola in the 4th quarter worth approximately $31,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KO. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. UBS Group increased their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley increased their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Finally, Argus increased their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.55.

Get Our Latest Stock Report on KO

Insider Activity at Coca-Cola

In related news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of 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 the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders sold a total of 223,665 shares of company stock valued at $13,995,465 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.9 %

Shares of NYSE:KO traded up $0.59 during trading on Friday, hitting $62.77. The stock had a trading volume of 28,484,785 shares, compared to its average volume of 13,183,061. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36. The company has a market capitalization of $270.41 billion, a PE ratio of 24.87, a PEG ratio of 3.54 and a beta of 0.59. The firm’s fifty day moving average is $62.12 and its 200 day moving average is $60.56. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The company had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) 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

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

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