Aegis Wealth Management LLC Acquires Shares of 8,960 The Coca-Cola Company (NYSE:KO)

Aegis Wealth Management LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,960 shares of the company's stock, valued at approximately $558,000.

Other large investors also recently modified their holdings of the company. Peachtree Investment Partners LLC boosted its stake in shares of Coca-Cola by 1.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after buying an additional 157 shares during the period. Fort Sheridan Advisors LLC lifted its holdings in Coca-Cola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock worth $311,000 after buying an additional 161 shares during the last quarter. Excalibur Management Corp lifted its stake in Coca-Cola by 0.6% during the fourth quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock worth $1,831,000 after purchasing an additional 161 shares during the last quarter. Tradition Wealth Management LLC lifted its position in shares of Coca-Cola by 3.0% during the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock worth $357,000 after buying an additional 167 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Coca-Cola by 0.4% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 39,198 shares of the company's stock valued at $2,440,000 after acquiring an additional 169 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 55,500 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the transaction, the insider now owns 246,909 shares in the company, valued at $17,533,008.09. The trade was a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,761 shares of company stock valued at $16,474,587 over the last 90 days. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and raised their target price for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. UBS Group increased their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $75.81.

Coca-Cola Trading Down 0.9%

Shares of NYSE:KO traded down $0.64 during mid-day trading on Wednesday, reaching $71.14. The stock had a trading volume of 8,697,446 shares, compared to its average volume of 15,696,604. The firm has a 50 day simple moving average of $71.23 and a two-hundred day simple moving average of $67.14. The firm has a market cap of $306.21 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

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.