Wilkins Miller Wealth Management LLC Acquires Shares of 8,707 The Coca-Cola Company (NYSE:KO)

Wilkins Miller Wealth Management LLC purchased a new stake in The Coca-Cola Company (NYSE:KO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,707 shares of the company's stock, valued at approximately $542,000.

A number of other institutional investors also recently made changes to their positions in KO. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola during the 4th quarter worth $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola during the fourth quarter worth $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the fourth quarter worth $38,000. Hoey Investments Inc. increased its holdings in 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 purchasing an additional 181 shares during the period. Finally, MilWealth Group LLC bought a new position in Coca-Cola during the 4th quarter worth $40,000. Institutional investors own 70.26% of the company's stock.

Insider Activity

In related news, EVP Beatriz R. Perez sold 60,326 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now directly owns 187,716 shares of the company's stock, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 55,500 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the transaction, the insider now owns 246,909 shares in the company, valued at $17,533,008.09. The trade was a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,761 shares of company stock valued at $16,474,587 in the last 90 days. Insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Cfra Research raised shares of Coca-Cola to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and raised their price target for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, DZ Bank raised 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. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $75.81.

Coca-Cola Stock Performance

NYSE KO traded up $0.17 during trading hours on Thursday, reaching $71.32. 4,805,211 shares of the company were exchanged, compared to its average volume of 15,653,945. The stock has a market capitalization of $306.96 billion, a P/E ratio of 28.86, a P/E/G 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 1 year low of $60.62 and a 1 year high of $74.38. The business's 50 day simple moving average is $71.23 and its 200-day simple moving average is $67.14.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts expect that The Coca-Cola Company will post 2.96 earnings per share for the current 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 paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola's 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.