BSW Wealth Partners Has $1.18 Million Holdings in Coca-Cola Company (The) (KO)

BSW Wealth Partners reduced its position in shares of Coca-Cola Company (The) (NYSE:KO) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,903 shares of the company’s stock after selling 3,265 shares during the period. Coca-Cola Company (The) accounts for about 0.6% of BSW Wealth Partners’ investment portfolio, making the stock its 21st largest position. BSW Wealth Partners’ holdings in Coca-Cola Company (The) were worth $1,184,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KO. Regentatlantic Capital LLC boosted its stake in shares of Coca-Cola Company (The) by 3.1% during the 1st quarter. Regentatlantic Capital LLC now owns 15,762 shares of the company’s stock worth $669,000 after purchasing an additional 469 shares during the last quarter. Portfolio Solutions LLC acquired a new stake in shares of Coca-Cola Company (The) during the 1st quarter worth about $108,000. VNBTrust National Association boosted its stake in shares of Coca-Cola Company (The) by 34.0% during the 1st quarter. VNBTrust National Association now owns 10,571 shares of the company’s stock worth $449,000 after purchasing an additional 2,684 shares during the last quarter. Carlson Capital Management boosted its stake in shares of Coca-Cola Company (The) by 4.7% during the 1st quarter. Carlson Capital Management now owns 5,511 shares of the company’s stock worth $234,000 after purchasing an additional 249 shares during the last quarter. Finally, Marshwinds Advisory Co. boosted its stake in shares of Coca-Cola Company (The) by 0.5% during the 1st quarter. Marshwinds Advisory Co. now owns 164,828 shares of the company’s stock worth $6,995,000 after purchasing an additional 870 shares during the last quarter. 64.68% of the stock is currently owned by institutional investors.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.54% during mid-day trading on Wednesday, hitting $46.97. 4,133,196 shares of the company were exchanged. The stock’s 50-day moving average price is $45.75 and its 200 day moving average price is $44.26. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The stock has a market cap of $200.34 billion, a PE ratio of 49.60 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. Coca-Cola Company (The)’s dividend payout ratio is 154.17%.

In related news, insider J Alexander Douglas, Jr. sold 180,738 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total value of $8,312,140.62. Following the completion of the transaction, the insider now directly owns 315,606 shares in the company, valued at $14,514,719.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Francisco Crespo sold 7,700 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the transaction, the insider now owns 29,943 shares of the company’s stock, valued at $1,377,677.43. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock valued at $16,874,246 over the last three months. 1.51% of the stock is owned by company insiders.

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KO has been the topic of several analyst reports. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 target price on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reissued a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. UBS AG raised their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Company (The) has an average rating of “Hold” and a consensus price target of $45.79.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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