RMR Wealth Builders Has $1.20 Million Stock Position in The Coca-Cola Company (NYSE:KO)

RMR Wealth Builders reduced its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,320 shares of the company's stock after selling 17,529 shares during the quarter. RMR Wealth Builders' holdings in Coca-Cola were worth $1,203,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KO. Atlas Brown Inc. boosted its holdings in shares of Coca-Cola by 0.8% in the fourth quarter. Atlas Brown Inc. now owns 21,024 shares of the company's stock valued at $1,309,000 after acquiring an additional 166 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in Coca-Cola by 10.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 19,786 shares of the company's stock valued at $1,232,000 after purchasing an additional 1,911 shares in the last quarter. HBW Advisory Services LLC increased its position in shares of Coca-Cola by 14.2% during the 4th quarter. HBW Advisory Services LLC now owns 13,520 shares of the company's stock valued at $842,000 after purchasing an additional 1,676 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Coca-Cola by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 55,243 shares of the company's stock worth $3,439,000 after buying an additional 1,354 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Coca-Cola by 17.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 25,440 shares of the company's stock valued at $1,584,000 after buying an additional 3,774 shares during the period. Institutional investors own 70.26% of the company's stock.

Insider Transactions at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business'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 transaction, the chief executive officer now owns 342,546 shares of the company's stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 1.2 %

Shares of Coca-Cola stock traded down $0.73 during trading on Friday, hitting $60.98. 22,420,855 shares of the stock traded hands, compared to its average volume of 15,991,351. The company has a fifty day moving average price of $62.91 and a two-hundred day moving average price of $66.46. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The stock has a market cap of $262.69 billion, a P/E ratio of 25.20, a PEG ratio of 3.83 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KO. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Piper Sandler assumed coverage on shares of Coca-Cola in a report on Tuesday. They issued an "overweight" rating and a $74.00 target price on the stock. Morgan Stanley reduced their target price on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Truist Financial upped their price target on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, 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 note on Tuesday. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.60.

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.