The Coca-Cola Company (NYSE:KO) Shares Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,570 shares of the company’s stock after selling 423 shares during the period. Physician Wealth Advisors Inc.’s holdings in Coca-Cola were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $27,000. Mainstream Capital Management LLC purchased a new position in Coca-Cola during the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in Coca-Cola in the fourth quarter valued at approximately $38,000. Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the fourth quarter valued at approximately $37,000. Finally, MilWealth Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.5 %

Shares of NYSE KO opened at $70.36 on Monday. The stock has a market capitalization of $302.80 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm has a 50-day moving average price of $67.77 and a 200 day moving average price of $66.38. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Equities research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.90%. Coca-Cola’s dividend payout ratio is 82.59%.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. UBS Group upped their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Barclays boosted their price target on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $74.24.

Insider Activity

In related news, CEO James Quincey sold 145,435 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total value of $10,327,339.35. Following the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $24,324,191.46. This represents a 29.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders sold a total of 313,423 shares of company stock worth $22,263,071 over the last 90 days. 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.