Visionary Wealth Advisors Boosts Stake in The Coca-Cola Company (NYSE:KO)

Visionary Wealth Advisors lifted its position in The Coca-Cola Company (NYSE:KO - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,688 shares of the company's stock after acquiring an additional 6,083 shares during the quarter. Visionary Wealth Advisors' holdings in Coca-Cola were worth $6,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola during the fourth quarter worth $31,000. Murphy & Mullick Capital Management Corp purchased a new position in Coca-Cola in the fourth quarter worth $38,000. Hoey Investments Inc. grew its stake in Coca-Cola by 41.9% in the 4th 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 period. Finally, MilWealth Group LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling

In other news, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the transaction, the executive vice president now directly owns 187,716 shares in the company, valued at $13,491,148.92. The trade was a 24.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. The trade was a 18.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,407 shares of company stock valued at $32,990,056. Company insiders own 0.90% of the company's stock.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.24 during midday trading on Tuesday, reaching $71.69. 12,135,976 shares of the company traded hands, compared to its average volume of 15,662,710. The firm's fifty day moving average price is $70.96 and its two-hundred day moving average price is $66.86. The firm has a market capitalization of $308.57 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. 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 12 month low of $60.62 and a 12 month high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 yield of 2.85%. Coca-Cola's dividend payout ratio is currently 81.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Morgan Stanley increased their target price on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. DZ Bank upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of "Buy" and a consensus price target of $75.59.

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.