Willner & Heller LLC Makes New $228,000 Investment in The Coca-Cola Company (NYSE:KO)

Willner & Heller LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KOFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,876 shares of the company’s stock, valued at approximately $228,000.

Several other large investors also recently made changes to their positions in KO. ZRC Wealth Management LLC lifted its holdings in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Tidemark LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter worth $31,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

KO traded up $0.04 during trading hours on Friday, reaching $62.55. The company’s stock had a trading volume of 8,179,239 shares, compared to its average volume of 10,182,775. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The company’s 50-day moving average is $61.85 and its 200-day moving average is $60.48. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The firm has a market cap of $269.46 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is 77.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KO shares. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Barclays lifted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley lifted their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.55.

View Our Latest Analysis on Coca-Cola

Insider Buying and Selling at Coca-Cola

In other news, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,168,055.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold a total of 142,774 shares of company stock valued at $8,952,720 in the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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