Beaumont Financial Advisors LLC Sells 248 Shares of The Coca-Cola Company (NYSE:KO)

Beaumont Financial Advisors LLC reduced its position in The Coca-Cola Company (NYSE:KO) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,688 shares of the company’s stock after selling 248 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Coca-Cola were worth $1,749,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Freedom Wealth Alliance LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $25,000. ZRC Wealth Management LLC lifted its position in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in Coca-Cola during the fourth quarter valued at approximately $30,000. KB Financial Partners LLC bought a new stake in Coca-Cola during the first quarter valued at approximately $31,000. Finally, Retirement Group LLC lifted its position in Coca-Cola by 51.5% during the fourth quarter. Retirement Group LLC now owns 550 shares of the company’s stock valued at $35,000 after purchasing an additional 187 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Beatriz R. Perez sold 52,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders have sold a total of 375,407 shares of company stock worth $22,795,742 in the last quarter. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday. Barclays lifted their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Citigroup lifted their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.09.

Coca-Cola Trading Up 1.4 %

NYSE:KO traded up $0.80 during trading hours on Friday, hitting $59.71. The company had a trading volume of 7,937,400 shares, compared to its average volume of 13,698,761. The company has a market capitalization of $257.42 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. The stock has a 50-day moving average price of $59.92 and a 200 day moving average price of $58.53. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that The Coca-Cola Company will post 2.81 EPS for the current fiscal year.

Coca-Cola Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.485 dividend. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.25%. Coca-Cola’s payout ratio is presently 78.23%.

About Coca-Cola

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.