Regent Peak Wealth Advisors LLC Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Regent Peak Wealth Advisors LLC grew its holdings in The Coca-Cola Company (NYSE:KOFree Report) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 165,173 shares of the company’s stock after acquiring an additional 1,027 shares during the quarter. Coca-Cola accounts for 2.6% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 12th largest holding. Regent Peak Wealth Advisors LLC’s holdings in Coca-Cola were worth $9,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Requisite Capital Management LLC purchased a new position in Coca-Cola during the fourth quarter valued at $494,000. Unionview LLC purchased a new position in Coca-Cola in the 4th quarter valued at about $285,000. Patten & Patten Inc. TN boosted its holdings in Coca-Cola by 29.3% in the 4th quarter. Patten & Patten Inc. TN now owns 173,462 shares of the company’s stock worth $10,222,000 after buying an additional 39,348 shares during the last quarter. TIAA Trust National Association increased its stake in Coca-Cola by 78.4% during the 4th quarter. TIAA Trust National Association now owns 348,744 shares of the company’s stock worth $20,551,000 after buying an additional 153,281 shares in the last quarter. Finally, Welch Group LLC raised its holdings in shares of Coca-Cola by 2.2% during the fourth quarter. Welch Group LLC now owns 220,048 shares of the company’s stock valued at $12,967,000 after acquiring an additional 4,793 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Down 0.9 %

Shares of Coca-Cola stock traded down $0.53 during trading hours on Tuesday, hitting $60.15. The company’s stock had a trading volume of 12,838,232 shares, compared to its average volume of 14,135,731. The firm has a fifty day moving average of $60.13 and a 200-day moving average of $58.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market cap of $259.32 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 3.47 and a beta of 0.59. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.99.

Coca-Cola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Coca-Cola’s revenue was up 6.9% compared to the same quarter last year. Research analysts forecast 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. Investors of record on Friday, March 15th were issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.23%. 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 (DPR) is 78.23%.

Insiders Place Their Bets

In related news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Beatriz R. Perez sold 52,300 shares of Coca-Cola 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 transaction, the executive vice president now directly owns 143,383 shares in the company, valued at $8,602,980. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders have sold 375,407 shares of company stock worth $22,795,742 over the last three months. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KO. Citigroup boosted their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Barclays boosted their price target on shares of Coca-Cola from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Two investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Check Out Our Latest Analysis on KO

Coca-Cola Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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