Marcum Wealth LLC Purchases 313 Shares of The Coca-Cola Company (NYSE:KO)

Marcum Wealth LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,077 shares of the company’s stock after acquiring an additional 313 shares during the quarter. Marcum Wealth LLC’s holdings in Coca-Cola were worth $1,125,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Traveka Wealth LLC increased its stake in shares of Coca-Cola by 959.9% during the 4th quarter. Traveka Wealth LLC now owns 57,105 shares of the company’s stock worth $3,555,000 after purchasing an additional 51,717 shares during the last quarter. Armstrong Henry H Associates Inc. boosted its holdings in Coca-Cola by 5.8% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 142,264 shares of the company’s stock worth $8,857,000 after purchasing an additional 7,810 shares in the last quarter. BCS Wealth Management acquired a new position in Coca-Cola during the fourth quarter worth $629,000. PFW Advisors LLC bought a new position in Coca-Cola during the fourth quarter valued at about $29,003,000. Finally, Miracle Mile Advisors LLC lifted its position in shares of Coca-Cola by 838.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 90,519 shares of the company’s stock worth $5,636,000 after buying an additional 80,876 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on KO shares. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Barclays dropped their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company cut their target price on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $61.68 on Tuesday. The firm has a market capitalization of $265.70 billion, a PE ratio of 25.49, a PEG ratio of 3.83 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 1-year low of $57.93 and a 1-year high of $73.53. The business’s 50 day moving average is $62.84 and its 200-day moving average is $66.48.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 earnings per share. Sell-side analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

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.