B. Riley Wealth Advisors Inc. Decreases Position in The Coca-Cola Company (NYSE:KO)

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.

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

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.