Ritholtz Wealth Management Has $5.81 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Ritholtz Wealth Management raised its position in The Coca-Cola Company (NYSE:KO - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,090 shares of the company's stock after purchasing an additional 8,107 shares during the quarter. Ritholtz Wealth Management's holdings in Coca-Cola were worth $5,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in shares of Coca-Cola during the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. REAP Financial Group LLC increased its holdings in shares of Coca-Cola by 57.5% in the fourth quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after buying an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola in the fourth quarter valued at $38,000. Finally, Hoey Investments Inc. increased its holdings in shares of Coca-Cola by 41.9% in 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 in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 266,403 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer now owns 275,946 shares in the company, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Murphy sold 88,658 shares of the 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 completion of the sale, the chief financial officer now owns 205,511 shares of the company's stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock worth $29,923,985 over the last ninety days. Company insiders own 0.97% of the company's stock.

Coca-Cola Stock Down 1.8%

NYSE:KO traded down $1.30 during trading hours on Friday, reaching $70.94. The company's stock had a trading volume of 17,424,785 shares, compared to its average volume of 15,884,646. The company has a market cap of $305.36 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38. The business's 50-day moving average is $71.56 and its 200-day moving average is $67.87. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.23 billion. During the same period in the prior year, the company posted $0.72 earnings per share. Coca-Cola's revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, June 13th. Coca-Cola's dividend payout ratio (DPR) is 81.60%.

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of Coca-Cola in a research note on Monday, June 9th. Piper Sandler boosted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Royal Bank of Canada boosted their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, UBS Group boosted their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Coca-Cola presently has an average rating of "Buy" and a consensus price target 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.