The Coca-Cola Company (NYSE:KO) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,688 shares of the company’s stock after selling 248 shares during the period. Beaumont Financial Advisors LLC’s holdings in Coca-Cola were worth $1,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $25,000. ZRC Wealth Management LLC lifted 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 worth $26,000 after purchasing an additional 320 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $30,000. KB Financial Partners LLC acquired a new stake in shares of Coca-Cola during the first quarter worth about $31,000. Finally, Retirement Group LLC lifted 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 worth $35,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KO. Citigroup lifted their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Barclays lifted their target price on Coca-Cola from $66.00 to $68.00 and gave the stock 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 research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Coca-Cola Stock Performance

KO stock traded up $0.80 during trading on Friday, hitting $59.71. 7,937,400 shares of the company traded hands, compared to its average volume of 13,698,761. The stock’s 50-day simple moving average is $59.92 and its 200 day simple moving average is $58.53. 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 company has a market cap of $257.42 billion, a PE ratio of 23.95, a P/E/G ratio of 3.32 and a beta of 0.59. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.49 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 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 was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities analysts expect that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.25%. Coca-Cola’s payout ratio is 78.23%.

Insider Activity

In other news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola 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 directly owns 223,330 shares in the company, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders sold 375,407 shares of company stock worth $22,795,742 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

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.