Consilio Wealth Advisors LLC Invests $201,000 in The Coca-Cola Company (NYSE:KO)

Consilio Wealth Advisors LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO) in the 1st quarter, Holdings Channel reports. The institutional investor bought 3,290 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in Coca-Cola in the fourth quarter worth $2,808,056,000. Fisher Asset Management LLC lifted its holdings in shares of Coca-Cola by 11,138.6% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock valued at $293,343,000 after acquiring an additional 4,933,527 shares during the last quarter. Pathstone Holdings LLC purchased a new position in Coca-Cola in the fourth quarter worth about $193,342,000. Putnam Investments LLC increased its stake in Coca-Cola by 32.8% during the fourth quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock worth $709,051,000 after acquiring an additional 2,973,234 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Coca-Cola by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock valued at $2,390,448,000 after purchasing an additional 2,893,061 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 0.6 %

Shares of KO traded down $0.37 during midday trading on Monday, reaching $63.28. 10,016,643 shares of the stock were exchanged, compared to its average volume of 13,101,016. 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’s 50 day moving average is $62.72 and its two-hundred day moving average is $60.78. The company has a market capitalization of $272.61 billion, a P/E ratio of 25.33, a PEG ratio of 3.60 and a beta of 0.59. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the prior year, the business earned $0.68 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.07%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Insider Activity

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on KO shares. JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BNP Paribas began coverage on shares of Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective for the company. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. UBS Group increased their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.83.

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.