The Coca-Cola Company (NYSE:KO) Shares Sold by Centurion Wealth Management LLC

Centurion Wealth Management LLC cut its holdings in The Coca-Cola Company (NYSE:KO) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,551 shares of the company’s stock after selling 1,034 shares during the quarter. Centurion Wealth Management LLC’s holdings in Coca-Cola were worth $719,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Coca-Cola by 1.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 310,479 shares of the company’s stock valued at $19,330,000 after acquiring an additional 5,718 shares in the last quarter. one8zero8 LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $903,000. Choate Investment Advisors boosted its holdings in shares of Coca-Cola by 2.5% in the fourth quarter. Choate Investment Advisors now owns 61,303 shares of the company’s stock valued at $3,817,000 after acquiring an additional 1,475 shares in the last quarter. Diversified Enterprises LLC boosted its holdings in shares of Coca-Cola by 1.6% in the fourth quarter. Diversified Enterprises LLC now owns 12,755 shares of the company’s stock valued at $794,000 after acquiring an additional 202 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Coca-Cola by 2.5% in the fourth quarter. Natixis Advisors LLC now owns 2,807,718 shares of the company’s stock valued at $174,809,000 after acquiring an additional 67,392 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the transaction, the chief operating officer now owns 52,466 shares of the company’s stock, valued at $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. This represents a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock valued at $22,263,071 over the last quarter. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO opened at $69.16 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company has a market capitalization of $297.47 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.79 and a beta of 0.57. The company’s 50 day simple moving average is $66.18 and its 200 day simple moving average is $66.58. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

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

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. This is an increase from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.95%. Coca-Cola’s dividend payout ratio is presently 82.59%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KO shares. Jefferies Financial Group raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Evercore ISI boosted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Barclays boosted their price objective on shares of Coca-Cola from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $69.00 price objective on shares of Coca-Cola in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus target price of $74.24.

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.