B. Riley Wealth Advisors Inc. trimmed its position in The Coca-Cola Company (NYSE:KO - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,178 shares of the company's stock after selling 23,248 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Coca-Cola were worth $5,365,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Coca-Cola during the fourth quarter valued at $38,000. Hoey Investments Inc. grew its holdings in shares of Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after buying an additional 181 shares during the last quarter. Finally, MilWealth Group LLC purchased a new stake in shares of Coca-Cola during the fourth quarter valued at $40,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Coca-Cola news, insider Nikolaos Koumettis sold 55,500 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 246,909 shares in the company, valued at $17,533,008.09. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares in the company, valued at $3,749,745.02. This trade represents a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 284,469 shares of company stock valued at $20,356,667 in the last 90 days. Company insiders own 0.97% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on KO. Barclays reissued an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. 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 report on Wednesday, February 12th. DZ Bank raised shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Thursday, February 13th. Piper Sandler boosted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola presently has a consensus rating of "Buy" and an average target price of $75.81.
Read Our Latest Report on KO
Coca-Cola Price Performance
Shares of KO stock traded down $0.04 on Tuesday, reaching $71.73. 10,658,148 shares of the company were exchanged, compared to its average volume of 15,711,147. The company has a market cap of $308.75 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47. The business has a 50-day moving average price of $71.14 and a 200 day moving average price of $67.08. 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 Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38.
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, topping analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. Equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.
Coca-Cola Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.84%. Coca-Cola's dividend payout ratio (DPR) is 81.60%.
About Coca-Cola
(
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.
Featured Stories

Before you consider Coca-Cola, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola wasn't on the list.
While Coca-Cola currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.