Regal Investment Advisors LLC Sells 7,491 Shares of The Coca-Cola Company (NYSE:KO)

Regal Investment Advisors LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,171 shares of the company's stock after selling 7,491 shares during the quarter. Regal Investment Advisors LLC's holdings in Coca-Cola were worth $5,178,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rice Partnership LLC boosted its position in shares of Coca-Cola by 7.1% in the fourth quarter. Rice Partnership LLC now owns 102,746 shares of the company's stock worth $6,397,000 after buying an additional 6,793 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Coca-Cola by 87.7% in the fourth 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 in the last quarter. Clark & Stuart Inc bought a new stake in Coca-Cola during the fourth quarter worth approximately $1,582,000. Wilmington Savings Fund Society FSB grew its stake in shares of Coca-Cola by 222.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company's stock worth $13,814,000 after purchasing an additional 132,701 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Coca-Cola by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 893,192 shares of the company's stock valued at $55,610,000 after purchasing an additional 8,810 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Analyst Ratings Changes

KO has been the subject of a number of research reports. UBS Group lifted their price objective on Coca-Cola from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI raised their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Piper Sandler raised their target price on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $74.59.

Insider Activity at Coca-Cola

In other news, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $70.56, for a total value of $1,344,732.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. The trade was a 32.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,423 shares of company stock worth $22,263,071. Company insiders own 0.90% of the company's stock.

Coca-Cola Trading Up 1.8 %

Shares of Coca-Cola stock traded up $1.31 during trading hours on Friday, hitting $72.99. The company's stock had a trading volume of 20,745,798 shares, compared to its average volume of 15,392,094. The Coca-Cola Company has a 12 month low of $58.54 and a 12 month high of $73.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The company has a market capitalization of $314.13 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The stock has a 50 day moving average of $70.28 and a 200 day moving average of $66.41.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) 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%. Analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Increases Dividend

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

About Coca-Cola

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.