The Coca-Cola Company (NYSE:KO) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders increased its position in The Coca-Cola Company (NYSE:KO) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,751 shares of the company’s stock after buying an additional 2,543 shares during the quarter. RMR Wealth Builders’ holdings in Coca-Cola were worth $1,812,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KO. FORVIS Wealth Advisors LLC lifted its holdings in shares of Coca-Cola by 49.7% during the third quarter. FORVIS Wealth Advisors LLC now owns 70,116 shares of the company’s stock valued at $3,925,000 after purchasing an additional 23,270 shares during the last quarter. Baystate Wealth Management LLC raised its position in Coca-Cola by 5.0% during the third quarter. Baystate Wealth Management LLC now owns 4,294 shares of the company’s stock valued at $240,000 after buying an additional 205 shares during the period. First Merchants Corp raised its position in Coca-Cola by 0.9% during the third quarter. First Merchants Corp now owns 23,636 shares of the company’s stock valued at $1,323,000 after buying an additional 216 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Coca-Cola by 5.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,113,228 shares of the company’s stock valued at $62,321,000 after buying an additional 54,480 shares during the period. Finally, NBT Bank N A NY raised its position in Coca-Cola by 110.1% during the third quarter. NBT Bank N A NY now owns 133,218 shares of the company’s stock valued at $7,458,000 after buying an additional 69,802 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Insiders have sold 380,405 shares of company stock valued at $23,209,645 in the last 90 days. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of several research reports. UBS Group upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays upped their target price on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upped their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI upped their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.27.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $62.83 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The firm has a market cap of $270.67 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 3.53 and a beta of 0.57. The business’s 50-day simple moving average is $60.32 and its 200-day simple moving average is $59.30. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.25.

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

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.485 dividend. 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 currently 77.60%.

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.