The Coca-Cola Company (NYSE:KO) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,113 shares of the company’s stock after selling 193 shares during the quarter. Coca-Cola makes up approximately 0.6% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 29th largest position. Marino Stram & Associates LLC’s holdings in Coca-Cola were worth $2,364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KO. Freedom Wealth Alliance LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $25,000. Hibernia Wealth Partners LLC acquired a new stake in Coca-Cola in the 3rd quarter valued at about $25,000. ZRC Wealth Management LLC raised its position in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $30,000. Finally, KB Financial Partners LLC acquired a new stake in Coca-Cola in the 1st quarter valued at about $31,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays increased their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Citigroup increased their price objective on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.18.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now owns 143,383 shares of the company’s stock, valued at $8,602,980. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Price Performance

Shares of NYSE:KO traded down $0.06 on Tuesday, hitting $58.08. The company had a trading volume of 4,421,271 shares, compared to its average volume of 13,722,434. 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 Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.99. The business has a 50 day moving average of $60.01 and a 200 day moving average of $58.51. The company has a market cap of $250.39 billion, a PE ratio of 23.45, a PEG ratio of 3.31 and a beta of 0.59.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola’s dividend payout ratio is presently 78.23%.

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.