The Coca-Cola Company (NYSE:KO) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,029 shares of the company’s stock after selling 22,658 shares during the period. Coca-Cola accounts for 1.9% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 17th biggest position. Regent Peak Wealth Advisors LLC’s holdings in Coca-Cola were worth $8,594,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new position in Coca-Cola during the 2nd quarter worth $27,000. Hara Capital LLC acquired a new stake in shares of Coca-Cola in the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Coca-Cola in the 3rd quarter valued at about $36,000. Mount Lucas Management LP acquired a new position in Coca-Cola during the 2nd quarter valued at about $38,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Coca-Cola in the 3rd quarter worth about $43,000. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Trading Up 0.2 %

NYSE KO traded up $0.14 on Tuesday, hitting $60.95. 6,548,352 shares of the company were exchanged, compared to its average volume of 11,794,415. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The company’s 50 day moving average price is $63.25 and its 200-day moving average price is $66.57. The firm has a market capitalization of $262.56 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 3.83 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.485 per share. The ex-dividend date was Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.18%. Coca-Cola’s payout ratio is currently 80.17%.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Barclays reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Truist Financial raised their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $72.27.

Coca-Cola Company 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.