Cliftonlarsonallen Wealth Advisors LLC Has $2.34 Million Holdings in The Coca-Cola Company (NYSE:KO)

Cliftonlarsonallen Wealth Advisors LLC trimmed its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,719 shares of the company's stock after selling 5,721 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in Coca-Cola were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola during the 4th quarter worth about $27,000. Mainstream Capital Management LLC bought a new stake in shares of Coca-Cola during the 4th quarter worth about $31,000. REAP Financial Group LLC raised its holdings in shares of Coca-Cola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the 4th quarter worth approximately $38,000. Finally, Hoey Investments Inc. lifted its stake in 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 purchasing an additional 181 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at Coca-Cola

In other news, CFO John Murphy sold 88,658 shares of the stock in a transaction on 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 $14,815,287.99. This represents a 30.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares in the company, valued at approximately $13,491,148.92. This trade represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,387 shares of company stock worth $29,923,985 in the last 90 days. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Down 1.8%

KO stock traded down $1.30 during midday trading on Friday, reaching $70.94. The company had a trading volume of 17,424,785 shares, compared to its average volume of 15,884,646. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year 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. The company has a market capitalization of $305.36 billion, a P/E ratio of 28.72, a PEG ratio of 3.79 and a beta of 0.46. The company has a 50 day moving average of $71.56 and a two-hundred day moving average of $67.87.

Coca-Cola (NYSE:KO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (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 company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share 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. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.88%. Coca-Cola's dividend payout ratio (DPR) is 81.60%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. UBS Group upped their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, Morgan Stanley restated an "overweight" rating and issued a $81.00 price target on shares of Coca-Cola in a research report on Monday, June 9th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $76.00.

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.