The Coca-Cola Company (NYSE:KO) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,743 shares of the company's stock after selling 7,608 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Coca-Cola were worth $2,775,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Peachtree Investment Partners LLC lifted its position in Coca-Cola by 1.4% during the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company's stock valued at $697,000 after purchasing an additional 157 shares during the last quarter. Fort Sheridan Advisors LLC raised its position in shares of Coca-Cola by 3.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after buying an additional 161 shares in the last quarter. Excalibur Management Corp raised its position in shares of Coca-Cola by 0.6% during the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company's stock valued at $1,831,000 after buying an additional 161 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in shares of Coca-Cola by 3.0% in the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock valued at $357,000 after acquiring an additional 167 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its position in Coca-Cola by 0.7% in the fourth quarter. Aviance Capital Partners LLC now owns 23,988 shares of the company's stock worth $1,493,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley restated an "overweight" rating and set a $81.00 price target on shares of Coca-Cola in a report on Monday. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of "Buy" and a consensus price target of $76.00.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Murphy sold 88,658 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the transaction, the chief financial officer now owns 205,511 shares in the company, valued at approximately $14,815,287.99. This trade represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 440,664 shares of company stock valued at $31,730,532. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Up 0.6%

Shares of NYSE KO traded up $0.41 during midday trading on Monday, reaching $71.76. 12,277,550 shares of the company's stock traded hands, compared to its average volume of 15,806,066. The company has a market cap of $308.89 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 3.79 and a beta of 0.46. The stock's 50 day simple moving average is $71.39 and its 200-day simple moving average is $67.63. 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.

Coca-Cola (NYSE:KO - Get Free Report) last announced its earnings results 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 business 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 revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. On average, analysts predict that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. Coca-Cola's dividend payout ratio is presently 81.60%.

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.