Regent Peak Wealth Advisors LLC Has $9.60 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Regent Peak Wealth Advisors LLC reduced its position in The Coca-Cola Company (NYSE:KO - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,977 shares of the company's stock after selling 4,052 shares during the period. Coca-Cola comprises 2.2% of Regent Peak Wealth Advisors LLC's investment portfolio, making the stock its 12th biggest position. Regent Peak Wealth Advisors LLC's holdings in Coca-Cola were worth $9,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KO. 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 worth $697,000 after acquiring an additional 157 shares during the last quarter. Fort Sheridan Advisors LLC grew its position in shares of Coca-Cola by 3.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company's stock valued at $311,000 after purchasing an additional 161 shares during the last quarter. Excalibur Management Corp increased its stake in shares of 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 purchasing an additional 161 shares during the period. Tradition Wealth Management LLC lifted its holdings in Coca-Cola by 3.0% during the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company's stock worth $357,000 after purchasing an additional 167 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in Coca-Cola by 0.7% during the 4th quarter. Aviance Capital Partners LLC now owns 23,988 shares of the company's stock worth $1,493,000 after purchasing an additional 171 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Henrique Braun sold 25,277 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. The trade was a 32.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction on Wednesday, May 7th. The stock was 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 directly owns 205,511 shares of the company's stock, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,664 shares of company stock valued at $31,730,532 in the last three months. Insiders own 0.97% of the company's stock.

Coca-Cola Price Performance

KO stock traded up $0.41 during midday trading on Monday, reaching $71.76. 12,277,550 shares of the stock were exchanged, compared to its average volume of 15,806,076. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a fifty day moving average price of $71.39 and a 200 day moving average price of $67.63. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The stock has a market capitalization of $308.89 billion, a PE ratio of 29.05, a P/E/G ratio of 3.79 and a beta of 0.46.

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. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. 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 posted $0.72 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.84%. Coca-Cola's payout ratio is 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of several recent research reports. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Royal Bank of Canada increased their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler raised their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two equities research 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 stock. According to data from MarketBeat, Coca-Cola currently has an average rating of "Buy" and an average target price of $76.00.

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.