GeoWealth Management LLC Has $1.36 Million Stock Position in The Coca-Cola Company (NYSE:KO)

GeoWealth Management LLC decreased its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,763 shares of the company's stock after selling 4,998 shares during the quarter. GeoWealth Management LLC's holdings in Coca-Cola were worth $1,355,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rice Partnership LLC lifted its holdings in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock valued at $6,397,000 after purchasing an additional 6,793 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Coca-Cola by 87.7% during the 4th quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company's stock worth $1,132,000 after purchasing an additional 8,499 shares during the last quarter. Clark & Stuart Inc acquired a new position in Coca-Cola in the 4th quarter valued at $1,582,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Coca-Cola by 222.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock worth $13,814,000 after buying an additional 132,701 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Coca-Cola by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after acquiring an additional 8,810 shares during the period. Institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

Shares of NYSE KO traded up $1.31 during midday trading on Friday, reaching $72.99. 20,745,798 shares of the company were exchanged, compared to its average volume of 15,385,871. The stock's 50-day moving average price is $70.39 and its 200-day moving average price is $66.36. The stock has a market cap of $314.13 billion, a P/E ratio of 29.55, a PEG ratio of 3.79 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a one year low of $59.72 and a one year high of $73.95.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Insider Buying and Selling

In related news, COO Henrique Braun sold 25,277 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the sale, the chief operating officer now directly owns 52,466 shares in the company, valued at $3,749,745.02. This represents a 32.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated 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 have sold a total of 313,423 shares of company stock worth $22,263,071 in the last ninety days. Company insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KO. Piper Sandler boosted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. UBS Group boosted their price target on Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday. Finally, TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $74.59.

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.