U.S. Capital Wealth Advisors LLC Buys 11,498 Shares of The Coca-Cola Company (NYSE:KO)

U.S. Capital Wealth Advisors LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,275 shares of the company’s stock after purchasing an additional 11,498 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Coca-Cola were worth $10,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foster & Motley Inc. boosted its position in shares of Coca-Cola by 6.6% in the 3rd quarter. Foster & Motley Inc. now owns 5,180 shares of the company’s stock worth $290,000 after purchasing an additional 322 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Coca-Cola by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,999,168 shares of the company’s stock worth $111,913,000 after buying an additional 35,900 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Coca-Cola by 3.2% in the 3rd quarter. Brown Advisory Inc. now owns 764,716 shares of the company’s stock valued at $42,809,000 after acquiring an additional 23,799 shares during the last quarter. Massachusetts Wealth Management increased its stake in shares of Coca-Cola by 2.5% in the 3rd quarter. Massachusetts Wealth Management now owns 30,723 shares of the company’s stock valued at $1,720,000 after acquiring an additional 750 shares during the last quarter. Finally, Segment Wealth Management LLC raised its position in shares of Coca-Cola by 5.4% in the 3rd quarter. Segment Wealth Management LLC now owns 19,679 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,003 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola 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 transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the company’s stock in a transaction 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 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 a total of 323,107 shares of company stock worth $19,657,742 in the last three months. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Up 0.3 %

Shares of NYSE:KO traded up $0.18 during mid-day trading on Friday, reaching $62.17. 11,628,675 shares of the stock were exchanged, compared to its average volume of 13,782,690. The stock’s 50 day simple moving average is $60.24 and its 200-day simple moving average is $59.12. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.25. The company has a market cap of $268.03 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.55 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

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

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.12%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analysts Set New Price Targets

KO has been the subject of several recent analyst reports. Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI lifted their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Citigroup raised 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.27.

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.