The Coca-Cola Company (NYSE:KO) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,816 shares of the company’s stock after selling 2,328 shares during the period. Exencial Wealth Advisors LLC’s holdings in Coca-Cola were worth $4,845,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $35,000. Retirement Wealth Solutions LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $37,000. MilWealth Group LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $40,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $43,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Coca-Cola in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $70.08 on Wednesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The stock has a market cap of $301.40 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.79 and a beta of 0.61. The firm has a 50 day simple moving average of $64.87 and a 200 day simple moving average of $66.53. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Research analysts anticipate that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. Coca-Cola’s payout ratio is 82.59%.

Insider Buying and Selling at Coca-Cola

In other news, insider Nikolaos Koumettis sold 54,708 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value 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. The trade was a 18.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 145,435 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $71.01, for a total transaction of $10,327,339.35. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, valued at $24,324,191.46. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 232,646 shares of company stock worth $16,515,469 over the last ninety days. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. UBS Group raised their target price on shares of Coca-Cola from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Coca-Cola in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.24.

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.