Avantax Advisory Services Inc. Has $13.19 Million Position in The Coca-Cola Company (NYSE:KO)

Avantax Advisory Services Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,758 shares of the company's stock after purchasing an additional 15,565 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Coca-Cola were worth $13,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ZRC Wealth Management LLC increased its position in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company's stock worth $26,000 after buying an additional 320 shares during the period. Criterion Capital Advisors LLC bought a new position in Coca-Cola during the fourth quarter worth $30,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Coca-Cola during the 4th quarter valued at $32,000. Financial Connections Group Inc. bought a new stake in Coca-Cola in the 4th quarter valued at $38,000. Finally, Avion Wealth grew its position in Coca-Cola by 64.8% in the 4th quarter. Avion Wealth now owns 819 shares of the company's stock worth $48,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Price Performance

KO stock traded up $0.32 during trading on Monday, hitting $63.58. 10,131,318 shares of the stock traded hands, compared to its average volume of 13,728,792. The stock has a market cap of $273.90 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 3.60 and a beta of 0.57. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.25. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a 50 day simple moving average of $60.50 and a 200 day simple moving average of $59.47.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to analysts' expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. Coca-Cola's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities analysts expect that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.05%. Coca-Cola's dividend payout ratio (DPR) is presently 77.60%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Evercore ISI lifted their price objective on Coca-Cola from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. UBS Group boosted their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Citigroup raised their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Finally, Barclays boosted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.27.

Insider Activity at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now directly owns 167,107 shares of the company's stock, valued at $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the business's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares of the company's stock, valued at approximately $10,358,962.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Quan sold 57,368 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders sold 380,405 shares of company stock valued at $23,209,645 over the last ninety days. 0.97% of the stock is owned by insiders.

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.

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