B. Riley Wealth Advisors Inc. Sells 23,248 Shares of The Coca-Cola Company (NYSE:KO)

B. Riley Wealth Advisors Inc. reduced its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,178 shares of the company's stock after selling 23,248 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Coca-Cola were worth $5,365,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KO. Peachtree Investment Partners LLC lifted its stake in Coca-Cola by 1.4% in the fourth 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 in the last quarter. Fort Sheridan Advisors LLC increased its holdings in Coca-Cola by 3.3% during the fourth 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 increased its holdings 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 buying an additional 161 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in shares of Coca-Cola by 3.0% in the fourth quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after purchasing an additional 167 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of 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 purchasing an additional 169 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on KO shares. Piper Sandler upped their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and upped their price target for the company from $69.00 to $75.00 in a research note on Thursday, January 30th. Finally, Evercore ISI upped their price target 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. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of "Buy" and a consensus price target of $75.81.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 55,500 shares of Coca-Cola stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $71.01, for a total value of $3,941,055.00. Following the completion of the sale, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This trade represents a 18.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of Coca-Cola stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company's stock, valued at approximately $3,749,745.02. This trade represents a 32.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,761 shares of company stock valued at $16,474,587 in the last quarter. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Price Performance

Shares of KO stock traded up $0.04 on Thursday, reaching $71.19. The company had a trading volume of 4,456,762 shares, compared to its average volume of 15,652,701. The stock has a market capitalization of $306.43 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. 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 Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The business's 50-day moving average is $71.23 and its 200 day moving average is $67.14.

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

Coca-Cola Dividend Announcement

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