The Coca-Cola Company (NYSE:KO) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,415 shares of the company's stock after selling 4,666 shares during the quarter. RWA Wealth Partners LLC's holdings in Coca-Cola were worth $7,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Coca-Cola by 22.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,451,883 shares of the company's stock worth $90,394,000 after acquiring an additional 269,414 shares during the period. Allianz SE acquired a new stake in shares of Coca-Cola during the 4th quarter valued at about $10,122,000. Transamerica Financial Advisors Inc. increased its stake in shares of Coca-Cola by 16.1% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 15,703 shares of the company's stock valued at $978,000 after purchasing an additional 2,183 shares in the last quarter. Intrust Bank NA raised its holdings in Coca-Cola by 3.9% in the 4th quarter. Intrust Bank NA now owns 29,132 shares of the company's stock worth $1,814,000 after purchasing an additional 1,090 shares during the period. Finally, Allstate Corp raised its stake in shares of Coca-Cola by 2,983.3% during the 4th quarter. Allstate Corp now owns 121,728 shares of the company's stock worth $7,579,000 after buying an additional 117,780 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Barclays boosted their target price on Coca-Cola from $66.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Jefferies Financial Group raised shares of Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.24.

Coca-Cola Stock Performance

NYSE:KO traded down $0.41 during trading hours on Wednesday, reaching $71.46. 14,465,990 shares of the company's stock were exchanged, compared to its average volume of 14,938,499. The company has a 50-day moving average of $68.14 and a 200 day moving average of $66.39. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. 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 firm has a market capitalization of $307.53 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.79 and a beta of 0.57.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. Research analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.51 per share. This is a boost from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.85%. Coca-Cola's payout ratio is presently 82.59%.

Insider Activity

In related news, insider Bruno Pietracci sold 19,058 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now owns 246,909 shares of the company's stock, valued at $17,520,662.64. This trade represents a 18.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock valued at $22,263,071 in the last three months. 0.97% of the stock is currently owned by company insiders.

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.