Bison Wealth LLC Sells 7,167 Shares of The Coca-Cola Company (NYSE:KO)

Bison Wealth LLC lowered its position in The Coca-Cola Company (NYSE:KO - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,251 shares of the company's stock after selling 7,167 shares during the quarter. Bison Wealth LLC's holdings in Coca-Cola were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola during the fourth quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola during the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $37,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $38,000. Finally, Hoey Investments Inc. raised its position in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated 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 document filed with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 13,445 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the transaction, the executive vice president now directly owns 94,676 shares of the company's stock, valued at $6,769,334. This represents a 12.44 % decrease in their ownership of the stock. 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 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent analyst reports. Barclays reissued an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Coca-Cola in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Morgan Stanley boosted 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 research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $75.06.

Coca-Cola Stock Performance

Shares of KO opened at $72.37 on Wednesday. The firm has a market capitalization of $311.45 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.79 and a beta of 0.45. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock has a 50 day moving average price of $70.86 and a two-hundred day moving average price of $66.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Coca-Cola's revenue was down .7% compared to the same quarter last year. Equities analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.51 dividend. This is a positive change from Coca-Cola's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.82%. Coca-Cola's dividend payout ratio (DPR) is 82.59%.

Coca-Cola 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.

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