Wilkins Miller Wealth Management LLC Acquires New Stake in The Coca-Cola Company (NYSE:KO)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in KO. Tallon Kerry Patrick bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $241,000. Brighton Jones LLC increased its holdings in shares of Coca-Cola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares in the last quarter. LexAurum Advisors LLC raised its stake in shares of Coca-Cola by 21.5% in the fourth quarter. LexAurum Advisors LLC now owns 6,343 shares of the company's stock worth $395,000 after purchasing an additional 1,122 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Coca-Cola by 16.4% during the fourth quarter. Sound Income Strategies LLC now owns 9,994 shares of the company's stock valued at $622,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Gradient Investments LLC boosted its position in shares of Coca-Cola by 10.7% during the fourth quarter. Gradient Investments LLC now owns 505,386 shares of the company's stock valued at $31,465,000 after buying an additional 48,664 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Performance

Coca-Cola stock traded down $0.04 during midday trading on Tuesday, hitting $71.73. The stock had a trading volume of 10,658,148 shares, compared to its average volume of 15,711,147. The firm's fifty day moving average is $71.14 and its two-hundred day moving average is $67.08. 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 $308.75 billion, a PE ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last released 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 net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Coca-Cola's revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared 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 yield of 2.84%. Coca-Cola's payout ratio is 81.60%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola 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 of the company's stock, valued at $13,491,148.92. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares in the company, valued at approximately $17,520,662.64. This represents a 18.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 284,469 shares of company stock valued at $20,356,667. 0.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KO shares. JPMorgan Chase & Co. upped 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. Piper Sandler increased their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Wells Fargo & Company raised their target price on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group raised Coca-Cola from a "hold" rating to a "buy" rating and increased their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $75.81.

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.