Calamos Wealth Management LLC Sells 555 Shares of The Coca-Cola Company (NYSE:KO)

Calamos Wealth Management LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,360 shares of the company’s stock after selling 555 shares during the quarter. Calamos Wealth Management LLC’s holdings in Coca-Cola were worth $1,141,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KO. Freedom Wealth Alliance LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at $25,000. ZRC Wealth Management LLC increased its holdings in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Coca-Cola during the fourth quarter valued at $30,000. KB Financial Partners LLC bought a new position in shares of Coca-Cola during the first quarter valued at $31,000. Finally, Retirement Group LLC increased its holdings in shares of Coca-Cola by 51.5% during the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock valued at $35,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 375,407 shares of company stock valued at $22,795,742. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 2.1 %

Coca-Cola stock opened at $60.17 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The stock has a market capitalization of $259.40 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.44 and a beta of 0.59. The business’s fifty day moving average is $59.94 and its 200 day moving average is $58.58.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. On average, sell-side analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.22%. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 78.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KO. Citigroup raised their price target on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays raised their price target on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

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.